Steady Float

Sri Lankas foreign reserves slipped 3.7 percent dip in April, slightly above a 5.






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7 percent drop in January 2004, according to latest data released by the Central Bank.
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Official or rnCentral Bank reserves slipped to US$ 2,242.3 mn, while total reserves, which rnalso include private holdings, rose 3.

3 percent to US$ 3,323.6 mn.

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Sri Lanka has rnto boost reserves steadily by allowing the rupee to float, according to the rnagreement with the International Monetary Fund.

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rn rn External Finance				rn 2004 *rn	rn 2003rn	rn % Changern
rn	rn	rn	rn	rn End Apr.rn	rn End Dec.rn	rn
rn External rn Assets	rn	rn	rn	rn	rn	rn
rn Total rn Reserves (a)	rn	rn US$ mnrn	rn	rn rn 3,323.6	rn rn 3,218.1	rn rn 3.3
rn	rn	rn Rs. mnrn	rn	rn rn 326,853.1	rn rn 311,315.3	rn rn 5.0
rn Gross rn Official Reserves		rn US$ mnrn	rn	rn rn 2,242.3	rn rn 2,329.0	rn rn -3.7
rn	rn	rn Rs. mnrn	rn	rn rn 220,521.6	rn rn 225,304.3	rn rn -2.1

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