The foreign exchange reserves of the country decreased by $123 million to $25.03 billion by the week ended December 10, 2021.
According to data released by the State Bank of Pakistan (SBP) on Thursday, the foreign exchange reserves of the country were $25.15 billion by the week ended December 3, 2021.
The official reserves of the SBP fell $90 million (-0.48 percent) to $18.57 billion by the week ended December 10, 2021, compared with $18.66 billion a week ago.
The central bank gave no reason for the decrease in reserves. Similarly, the foreign exchange reserves held by commercial banks fell $33 million to $6.46 billion by the week ended December 10, 2021, compared with $6.493 billion a week ago.
Earlier in the week ended on August 27, the foreign exchange reserves held by the central bank soared to an all-time high of $20.15 billion after Pakistan received general allocation of Special Drawing Rights (SDRs) worth $2,751.8 million from the International Monetary Fund (IMF) on August 24.
