Pakistan forex reserves up $30 mln to $3.289 bln

PAKISTAN - Pakistan's central bank said on 23 August total liquid foreign exchange reserves were $3.289 billion as of 18 August, up by some 30 million dollars from the previous week's $3.259 billion.

The State Bank of Pakistan (SBP) said it directly held $1.704 billion, while other commercial banks held $1.585 billion.

The SBP in April changed its method of calculating foreign reserves and now monitors total liquid foreign reserves by including previously undisclosed foreign exchange deposits held

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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