SBP Reserves Fall Below $12 Billion Level After Significant Weekly Decline 

SBP Reserves Fall Below  Billion Level After Significant Weekly Decline 

SBP Reserves Fall Below $12 Billion Level After Significant Weekly Decline 

The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by over $200 million on a weekly basis according to data issued by the central bank on Thursday. 

According to the latest data released by the SBP, on December 20, the foreign currency reserves held by the SBP were recorded at $11.854 billion, down $228 million compared to $12.082 billion on December 13. 

Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $16.372 billion, down 261 million over the previous week. 

The net reserves held by banks were recorded at $4.518 billion, down $34 million from $4.550 billion last week. 

The post SBP Reserves Fall Below $12 Billion Level After Significant Weekly Decline  appeared first on ProPakistani.

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