Sri Lanka foreign reserves at USD5.3 billion by end June: Central Bank

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July 08, 2016 (LBO) – Sri Lanka’s official reserves were 5.27 billion US dollars at the end of June, down from 5.64 billion US dollars end of May, latest Central Bank data showed.

Foreign currency reserves were 4.25 billion dollars, and reserves in Gold were 0.94 billion dollars.

Finance Minister Ravi Karunanayake however told Parliament Thursday that the country has seen an upward movement in foreign reserves after Brexit.

“Foreign reserves have gone up by about 250 million US dollars during the past two weeks. Now the reserve position is at 6.1 billion US dollars.” he said.

Official reserves were at 8.2 billion dollars at the end of 2014 and the IMF expects reserves to climb to 7.8 billion dollars by end of 2016.