Sri Lanka official reserves fall to USD 6.7bn by end May from 7.2bn in April

Jun 07, 2019 (LBO) – Sri Lanka’s gross official reserves were 6,732.4 million US dollars by the end of May, down from 7,212.7 million US dollars in April, latest Central Bank data showed.

By the end of May, foreign currency reserves were 5,824.3 million dollars while the reserve position in the IMF was 65.9 million dollars.

Special Drawing Rights were 7.3 million, reserves in Gold were 833.8 million and other reserve assets were 1.1 million US dollars.

Foreign investors who bought government bonds withdrew 3,476 million rupees worth of securities during this week.

The outstanding stock of T-bills and T-bonds held by foreigners has decreased by 2.38 percent during the reporting week.

During the year up to 07 June 2019, the Sri Lanka rupee has appreciated against the US dollar by 3.6 percent.