According to weekly foreign exchange reserves report, during the week under review, reserves held by banks mounted up by $48 million. Net foreign exchange reserves held by commercial banks surged to $ 6.473 billion end of the last week up from $6.425 billion a week earlier.

The total liquid foreign reserves held by the country stood at $ 18.745 billion as on May 8, 2020 compared to $ 18.755 billion as on April 30, 2020, showing a decline of $10.6 million.

Copyright Business Recorder, 2020