NewsForeign Exchange Reserves Dwindled Further

October 9, 2020Zayn0

The repayment of foreign loans further reduced foreign exchange reserves, with the central bank’s reserves falling by 250 million during the week, despite the Asian Bank’s new 300 million loan.

According to the SBP, due to the repayment of external debt during the last week of September, the central bank’s foreign exchange reserves decreased by 50.205 million to 12.154 billion.

Despite the new external debt, the central bank recorded a total decrease of 665.7 million in foreign exchange reserves during the last three weeks of September.

 

Zayn

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