Foreign exchange reserves fall by $399 million to $20.12 billion

Foreign exchange reserves fall by $399 million to $20.12 billion

KARACHI: The liquid foreign exchange reserves of the country fell by $399 million to $20.12 billion by week ended January 15, 2021, State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were at $20.519 billion by week ended January 08, 2021.

The official reserves of SBP also fell by $386 million to $13.014 billion by week ended January 15, 2021 as compared with $13.4 billion a week ago.

The central bank attributed the decline in reserves to external debt repayments.

The reserves held by commercial banks also eased by $13 million to $7.106 billion by week ended January 15, 2021 as compared with $7.119 billion a week ago.

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