Sri Lanka foreign reserves at USD7.3 bln end Dec

Jan 11, 2016 (LBO) – Sri Lanka’s official foreign reserves was slightly higher at 7.29 billion dollars at the end of December, up from 7.28 billion dollars at the end of November, figures released by the Central Bank shows.

This figure is down from 8.21 billion dollars in foreign reserves at the end of 2014.

The Dec 2015 reserves included 6,455 million dollars in foreign reserves and 760 million dollars in gold.

Foreign reserves improved after Sri Lanka raised 1.5 billion dollars in a 10-year sovereign bond issue in late October. Sri Lanka may go to international markets to raise up to 1.5 billion dollars this year.