Sri Lanka gross official reserves down to USD7.2 bn by end-April

May 07, 2020 (LBO) – Sri Lanka’s gross official reserves were 7.2 billion US dollars (USD7,179.9mn) by the end of April, down from 7.5 billion US dollars in March, the latest Central Bank data showed.

By the end of April, the foreign currency reserves were 6,744.1 million dollars while the reserve position in the IMF was 65.3 million dollars.

Special Drawing Rights were 0.5 million, reserves in Gold were 369.0 million and other reserve assets were one million US dollars.

During the year up to 06 May 2020, the Sri Lankan rupee has depreciated against the US dollar by 3.9 percent.

The outstanding stock of T-bills and T-bonds held by foreigners has decreased by 3.93 percent during this week compared to the previous week.

The total outstanding market liquidity was a surplus of 94.826 billion rupees by the end of the week, compared to a surplus of 96.352 billion rupees by the end of last week.