By the week ending May 29, 2020, the liquid foreign exchange reserves of the country fell by $1.68 billion.
The total foreign exchange reserves of the country before this week were $18.559 billion which decreased to $16.92 billion.
The foreign exchange held by the central bank fell by $1.712 billion to $10.362 billion by week ended May 29, 2020, as compared with official reserves of $12.074 billion.
The decline is primarily due to the external debt repayments of $1.669 billion.
However, there is an increase of $34 million in the foreign exchange reserves held by the commercial banks. The reserves increased to $6.558 billion by the week ended May 29, 2020, as compared to the $6.524 billion for the last week.