Good News For The Economy, Huge Increase In Foreign Exchange Reserves

November 7, 2020Zayn0

The country’s foreign exchange reserves have increased, with a total increase of more than 55 million in one week.

According to the SBP, the central bank has seen an increase in the dollar over the past week. During the week, the central bank’s reserves increased by 61.1 million due to external government receipts, which increased its volume.

Commercial banks saw a decline of 4 million in dollars during the period, reaching 7.171 billion, bringing the total foreign exchange reserves to 1.17 billion. By the end of the year, it had increased by 57.1 million to 19.35 billion.

Extracted from City42 News

Zayn

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