Monday, October 14, 2024

Forex Exchange Reserves Once Again Fall Below $10 Billion

On June 30, the foreign currency reserves held by the SBP were recorded at $9,816.3 million, down $493 million compared with $10,309 on June 24.

Main Points:-

⦁ Forex reserves held by SBP clock in at $9,816.3 million.
⦁ The decrease comes due to external debt and other payments.
⦁ Net reserves held by banks amounted to $5,926.1 million.

According to the central bank, the decrease came due to external debt and other payments. Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $15,742.4 million.

Net reserves held by banks amounted to $5,926.1 million.

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