Sri Lanka forex reserves US$8.1bn in July

Aug 29, 2011 (LBO) – Sri Lanka’s foreign reserves rose to 8.1 billion US dollars in July 2011 boosted with the sale of a sovereign bond, up from 7.5 billion US dollars in June, the Central Bank said. Based on the previous 12-month, average imports of 1,398 million dollars a month, gross official reserves were equal to about 5.8 months of imports.

Worker remittances were 2.5 billion US dollars in the first six months of the year. Tourism revenues rose 50.9 percent to 370 million US dollars.

Inflows to the state during the same period were 1.4 billion US dollars.