SBP-Reserves Foreign reserves stand at US$ 14,264.1 million

KARACHI: The total liquid foreign reserves held by the country stood at US $ 14,264.1 million on August 8, 2014, a statement of State Bnak of Pakistan issued here on Friday.

Giving a break-up of the foreign reserves position it said that Foreign reserves held by the SBP stood at US $ 9,188 million while the net foreign reserves held by banks were US $ 5,076.1 million on August 8.

During the week ending August 8, 2014, SBP’s Liquid FX Reserves decreased by US $ 89 million to US $ 9,188 million compared to US $ 9,277 million in the previous week.

The decrease in SBP reserves is mainly attributed to payments of US $80 million on account of external debt servicing.

SBP did not receive any significant inflows during this week,the statement said.

Source: APP