SBP’s foreign exchange reserves fall by 169m
January 7, 2022 01:46 AM
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