SBP’s foreign exchange reserves fall by $169m

By: News Desk      Published: 12:46 AM, 7 Jan, 2022
SBP’s foreign exchange reserves fall by $169m

The foreign exchange reserves held by the central bank fell $169 million during the week ending on December 31, according to the data released by the State Bank of Pakistan (SBP) on Thursday.

Sharing a break-up of the foreign reserves position, the central bank said that foreign currency reserves held by the SBP were recorded at $17,680 million, down $169mn compared with 17,855.3 million December 24.

The central bank gave no reason behind the decrease.

The break-up of the foreign reserves position is as under:

Foreign reserves held by the State Bank of Pakistan: US$17,686.0 million

Net foreign reserves held by commercial banks: US$6,332.8 million

Total liquid foreign reserves: US$24,018.8 million

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