The amount of money in the nation’s foreign exchange reserves has significantly decreased as a result of large dollar withdrawals from bank accounts.
The overall amount of bank deposits has decreased by $200.67 million during the last week, reaching $5.22 billion.
The country’s total foreign exchange reserves have been impacted by this drop in bank-held dollar reserves. As of May 24, the State Bank of Pakistan reported that the country’s foreign exchange reserves were $14.31 billion. From the previous week, this amounts to a $270 million decline.
Particularly affected are the reserves of the State Bank of Pakistan (SBP), which fell by $60.3 million to a total of $9.09 billion. This decrease highlights the more significant issues that the nation’s financial stability is confronting.
Pakistan’s dollar reserves have decreased concerningly.
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