Sri Lanka official reserves down to USD4.8bn by end January; YTD rupee depreciation 4.2-pct

Sri Lanka’s official reserves were 4.8 billion US dollars (USD 4,814.6mn) by the end of January 2021, down from 5.7 billion US dollars in December last year, the latest Central Bank data showed.

By the end of January, the foreign currency reserves were 4,343.9 million dollars while the reserve position in the IMF was 69.0 million dollars.

Special Drawing Rights were 2.6 million, reserves in Gold were 398.0 million and other reserve assets were 1.1 million US dollars.

The outstanding stock of T-bills and T-bonds held by foreigners has remained broadly at the same level in rupee terms during the week compared to the previous week.

During the year up to 12 February 2021, the Sri Lankan rupee has depreciated against the US dollar by 4.2 percent.