Holding Steady

Sri Lankas foreign reserves took a 2.2 percent dip in March, slightly above a 5.7 percent drop in January 2004, according to latest data released by the Central Bank.
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Officialrnor Central Bank reserves slipped to US$ 2,261.5 mn, while total reserves, whichrnalso includes private holdings, rose 3.0 percent to US$ 3,313.3 mn.

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SrirnLanka has to boost reserves steadily by allowing the rupee to float, accordingrnto the agreement with the International Monetary Fund.

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