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.