Sri Lanka foreign reserves drops USD154mn in Sept: Central Bank

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Oct 08, 2016 (LBO) – Sri Lanka’s official reserves dropped 153.8 million US dollars to 6.5 billion dollars in September, down from 6.6 billion dollars at the end of August, official Central Bank data showed.

Foreign currency reserves were 5.4 billion US dollars, and reserves in Gold were 0.95 billion US dollars.

The Central Bank’s Treasury Bill holdings were up from 212.4 billion rupees in August, to 213.3 billion rupees in September.

During the year up, to 07 October 2016, the rupee depreciated against the US dollar by 1.8 percent.

Given the cross currency exchange rate movements, the Sri Lanka rupee appreciated against the sterling pound by 17.0 percent, data showed.

It depreciated against Indian rupee by 1.4 percent, Japanese yen by 15.5 percent and euro by 3.7 percent during this period.