Foreign Exchange Reserves Dwindled

September 25, 2020Zayn0

Foreign exchange reserves have started declining again. According to the SBP, due to external debt repayment during the third week of September, the central bank recorded a decrease in foreign exchange reserves of 118.8 million and a volume of 12 billion. 70 crore and 16 lakh left.

However, during the week, commercial banks recorded an increase of 35 63.5 million in dollars and their volume reached 7.2 billion. However, despite the new debt of 2.5 billion so far in the new financial year, the total increase in foreign exchange reserves has been recorded at 1.11 billion.

Extracted from City42 News

Zayn

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