The central bank cites external debt repayments as a reason behind the weekly decline.
The foreign exchange reserves of the State Bank of Pakistan’s (SBP) plunged by 2.23% on a weekly basis.
According to the data released by the central bank on December 17, the foreign currency reserves held by the central bank were recorded at $18,153.7 million, down by $415 million compared with $18,568.3 million on December 10.
The central bank cited external debt repayments as a reason behind the weekly decline.
Meanwhile, overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $24,633 million. Net reserves held by banks amounted to $6,479.3 million.
The total liquid foreign reserves held by the country stood at US$ 24,633.0 million on 17-December-2021.
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