Reserves fall 0.5pc

KARACHI: The liquid foreign exchange reserves amounted to $24.3 billion on Oct 21, down 0.5 per cent from a week ago, the SBP announced on Thursday.

SBP’s liquid foreign exchange reserves decreased $135 million whereas its liquid foreign exchange reserves declined $141m to $19.3bn during the week.

The SBP made payments of $137m on account of external debt servicing and other official payments during the week.

Net foreign exchange reserves held by commercial banks amounted to $5bn on October 21, registering a nominal increase over the preceding week.

Published in Dawn, October 28th, 2016

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