Sri Lanka official reserves improve to USD7.6bn by end December

Jan 09, 2020 (LBO) – Sri Lanka’s gross official reserves were 7,638.5 million US dollars by the end of December last year, up from 7,520.4 million US dollars in November, the latest Central Bank data showed.

By the end of December, the foreign currency reserves were 6,609.1 million dollars while the reserve position in the IMF was 66.2 million dollars.

Special Drawing Rights were 7.3 million, reserves in Gold were 954.9 million and other reserve assets were one million US dollars.

The outstanding stock of T-bills and bonds held by foreigners has increased by 1.44 percent during the reporting week compared to the previous week.