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HomeGeneralReserves of foreign currency have dropped to $23.9 billion

Reserves of foreign currency have dropped to $23.9 billion

KARACHI: The State Bank of Pakistan (SBP) said on Thursday that Pakistan’s foreign exchange reserves declined by $117 million, or 0.5 percent, in the week ending January 7. The country’s foreign exchange reserves were $23.901 billion, down from $24.019 billion the week before.

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Reserves held by the SBP fell by $88 million to $17.597 billion, while reserves held by commercial banks fell by 0.5 percent to $6.304 billion.

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