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Forex Reserves Fall to Near 4-Year Low: SBP

bySyed Mahad
December 9, 2022
in Business, Economy, Main
Reading Time: 1 min read
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Forex Reserves Pakistan
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Forex Reserves – Foreign Exchange Reserves held by the SBP dropped $784 Million to a nearly 4-Year low. The State Bank of Pakistan said on Thursday, that the reserves were recorded below this level on Jan 18, 2019, when it had $6.64bn.

Net Forex Reserves held by the commercial banks are now at $5.867bn, pointing to the fact the country’s total liquid foreign reserves are now at $12.58bn. The main agenda of the government was to strengthen the foreign exchange reserves since April. However, the reserves fell from that time by more than $4bn.

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Tags: exchange reservesForexforex reserves
Syed Mahad

Syed Mahad

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