Forex reserves slip to $27.103 billion

Web Desk BOL News

09th Sep, 2021. 06:38 pm
SBP

KARACHI: The liquid foreign exchange reserves of the country eased $125 million to $27.103 billion by the week ended September 3, 2021, the State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were at record high of $27.228 billion by the week ended August 27, 2021.

The official forex reserves of the SBP also slipped $123 million to $20.023 billion by the week ended September 3, 2021. The official foreign exchange reserves of the central bank slipped from record high of $20.146 billion a week ago.

The SBP attributed the decline in its foreign exchange reserves to external debt payments.

The foreign exchange reserves held by commercial banks slightly fell to $7.08 billion by the week ended September 3, 2021, compared with $7.082 billion a week ago.

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