Sri Lanka official reserves fall to USD 7.2bn by end April; YTD rupee appreciation 3.7-pct

May 18, 2019 (LBO) – Sri Lanka’s gross official reserves were 7,212.7 million US dollars by the end of April, down from 7,621.
9 million US dollars in March, latest Central Bank data showed.

By the end of April, foreign currency reserves were 6,325.
2 million dollars while the reserve position in the IMF was 66.3 million dollars.

Special Drawing Rights were 0.4 million, reserves in Gold were 819.
7 million and other reserve assets were 1.1 million US dollars.

During the year up to 17 May 2019 the Sri Lanka rupee appreciated against the US dollar by 3.
7 percent.

Given the cross currency exchange rate movements, the SriLanka rupee appreciated against the pound sterling (2.
9 per cent), Japanese yen (3.2per cent), the euro (6.1 per cent) and the Indian rupee (4.
1 per cent) during this period.