Steady Float

Sri Lankas foreign reserves slipped 3.7 percent dip in April, slightly above a 5.7 percent drop in January 2004, according to latest data released by the Central Bank.
rnrn

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.

rn

rn

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

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

rn

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

rn

rnrn