KARACHI: The country’s liquid foreign exchange reserves have dwindled by 0.21 percent or $37 million to $16.910 billion for the week ending on November 22, the State Bank’s statistics revealed on Monday.
According to the central bank, the total liquid foreign reserves held by the country stood at $16,910.2 million on November 12, 2010 against $16.947 billion on October 11, 2010.
Talking to Pakistan Today, Chief Spokesman of the State Bank of Pakistan Syed Wasimuddin attributed the $37 million contraction in the country’s foreign exchange reserves to “regular debt payments”.
During the week under review, foreign exchange reserves of the central bank stood at $13.127 billion compared to $13.177 billion last week. The net foreign exchange reserves held by the commercial banks this week stood at $3,782.9 million against $3.77 billion last week, the State Bank said.
