Foreign exchange reserves eases to $19.518 billion

KARACHI: The liquid foreign exchange reserves of the country have declined by $45 million to $19.518 billion by week ended August 07, 2020, State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were at $19.563 billion by week ended July 30, 2020.

The official reserves of the SBP slipped by $73 million to $12.469 billion by week ended August 07, 2020 as compared with $12.542 billion a week ago.

The central bank attributed the decline in foreign exchange reserves to scheduled payment of external debt.

However, the foreign exchange reserves held by commercial banks increased by $28 million to $7.049 billion by week ended August 07, 2020 as compared with $7.021 billion a week ago.

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