FX reserves reach all-time high at $27.227 billion

FX reserves reach all-time high at $27.227 billion

KARACHI: The country’s liquid foreign exchange (FX) reserves have reached a historic high of $27.228 billion by the week ended August 27, 2021.

The foreign exchange reserves have increased by $2.609 billion during the week under review.

The total liquid exchange reserves of the county were $24.619 billion by the week ended August 20, 2021, the State Bank of Pakistan (SBP) said on Thursday.

The official reserves of the SBP also reached a historic high of $20.146 billion by the week ended August 27, 2021.

The SBP said that during the week ended Aug 27, 2021, the central bank received proceeds of IMF SDR allocation amounting to US$ 2.752 billion. After accounting for external debt payments, the reserves have increased by $ 2.567 billion to $20.146 billion.

The foreign exchange reserves held by commercial banks increased nominally to $7.082 billion by the week ended August 27, 2021 as against $7.040 billion a week ago.

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