Country’s dollar reserves witnessed a slight increase of 0.07 percent or $ 12 million during the week that ended on April 27 on the back of improved reserves held by the central bank. The State Bank Thursday reported to have counted the country’s dollar holdings at $ 16.434 billion against $ 16.422 billion the country possessed a wekk earlier up to April 20. During the week under review the central bank’s surged by $ 153 million or 1.2 percent to $ 12.069 billion as against $ 11.916 billion the regulator held last week. The commercial banks’ holding of the greenback remained lower and contacted to $ $ 4.365 billion, down by $ 140 million compared to $ 4.505 billion of the preceding week. The central bank spokesperson attributes such up and downs in the banks’ reserves to routine deposit and withdrawal of cash by the account holders.
