Sri Lanka official reserves improve to USD 8.5 bn in August

Sep 06, 2019 (LBO) – Sri Lanka’s gross official reserves were 8,532.6 million US dollars by the end of August, up from 8,343.9 million US dollars in July, latest Central Bank data showed.

By the end of August, foreign currency reserves were 7,494.7 million dollars while the reserve position in the IMF was 65.5 million dollars.

Special Drawing Rights were 14.5 million, reserves in Gold were 956.8 million and other reserve assets were 1.1 million US dollars.

The outstanding stock of T-bills and T-bonds held by foreigners decreased by 0.45 percent during the week compared to the previous week.

During the year up to 6th September 2019, the Sri Lanka rupee has appreciated against the US dollar by 1.2 percent.