• Monday, November 18, 2019

SBP reserves surge $443m to stand at $8.4bn

Discussion in 'Pakistan Economy' started by Shahzaz ud din, Nov 8, 2019.

  1. Shahzaz ud din

    Shahzaz ud din SENIOR MEMBER

    Messages:
    5,577
    Joined:
    Jun 12, 2017
    Ratings:
    +9 / 8,157 / -0
    Country:
    Pakistan
    Location:
    Canada
    SBP reserves surge $443m to stand at $8.4bn
    By
    News Desk
    -
    November 7, 2019
    0
    116
    [​IMG]
    The foreign exchange reserves held by the central bank jumped 5.6pc on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.

    On November 1, the foreign currency reserves held by the SBP were recorded at $8,357.6 million, up $443.3 million compared with $7,914.3 million in the previous week. The SBP, in its report, cited no reason for the increase in reserves.

    Overall, liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $15,517.9 million. Net reserves held by banks amounted to $7,160.3 million.
     
    • Thanks Thanks x 3