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Home Business SBP-held foreign exchange reserves decrease further by $59 million

SBP-held foreign exchange reserves decrease further by $59 million

Net foreign reserves held by commercial banks stood at $ 5,525.1 million

by NWMNewsDesk
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The total liquid foreign reserves of Pakistan reached US$ 13,161.8 million while reserves held by the central bank stood at $7,636.7 million.

According to the State Bank of Pakistan, the central bank’s reserves decreased by $59 million to US$ 7,636.7 million on account of debt repayments during the week ending on September 22, 2023.

Meanwhile, net foreign reserves held by commercial banks stood at $ 5,525.1 million, it added.

Total liquid foreign reserves held by the country, in the previous week ending on September 15, 2023, were US$ 13.186 billion.

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Among them, foreign reserves held by the central bank were $ 7.695 billion while net foreign reserves held by commercial banks were $ 5.491 billion.

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