RE$ERVE$ $LIDE

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The country’s dollar reserves depleted by $ 313 million or 1.9 percent during the week that ended on May 11 due to decreasing reserves of the central bank.
The State Bank of Pakistan Thursday reported that the country’s holdings of the greenback shrank to $ 16.103 billion against $ 16.416 billion of last week.
During the week in review the central bank held $ 11.784 billion witnessing a decline of $ 194 million over $ 11.978 billion the bank possessed last week.
Also contracted were the reserves of the commercial banks that stood at $ 4.319 billion, down $ 119 million compared to $ 4.438 billion of the previous week.
The central bank attributes such up and downs in the banks’ reserves to routine deposit and withdrawal of cash by the account holders.

1 COMMENT

  1. Literally everything is going downhill under this government… The dark ages for Pakistan.

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