SBP reserves fall $479mn to $19.5bn
- By Web Desk -
- Sep 23, 2021
KARACHI: The country’s foreign exchange reserves held by the central bank fell 2.4% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.
On September 17, the foreign currency reserves held by the SBP were recorded at $19,543.4 million, down $479 million compared with $20,022.7 million recorded on September 10.
“The decrease came on the back of external debt repayments,” stated the State Bank of Pakistan (SBP) in a statement.
Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the central bank, stood at $26,402.6 million.
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Net reserves held by banks amounted to $6,859.2 million.