Overview
- The State Bank reported a $16 million weekly increase, lifting its holdings to $14.4716 billion as of October 24.
- Total liquid foreign reserves stood at $19.6876 billion, with commercial banks holding $5.216 billion.
- The rise extends a sequence of small weekly gains through October, including increases of $14 million and $21 million in the preceding weeks.
- Analysts say the reserve buffer supports exchange-rate stability and helps finance essential imports.
- Officials cite the reserves’ role in market confidence, while economists see a positive trend but stress the need for fiscal restraint and investment-friendly measures.