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Foreign exchange reserves down by $387m to $14.486b

Foreign exchange reserves down by $387m to $14.486b

KARACHI: The liquid foreign exchange reserves of the country have declined by $387 million to $14.486 billion by week ended July 19, 2019 as compared with $15.249 billion a week ago, State Bank of Pakistan (SBP) said.

The reserves held by the central bank fell by$389 million to $7.612 billion by week ended July 19, 2019 as compared with $8.001 billion a week ago. The central bank said that its reserves were reduced due the reserves held by commercial banks were flat at $7.250 billion as compared with $7.248 billion.