Sri Lanka official reserves improve to USD8bn by end 2017


Jan 12, 2018 (LBO) – Sri Lanka’s gross official reserves have improved to 7,952.58 million US dollars by the end of last year from 7,319.40 million dollars in November 2017, official Central Bank data showed.

By the end of 2016, country’s gross official reserves were stood at 6,062.71 million US dollars.

Foreign currency reserves were 6,952.87 million dollars and reserves in gold were 928.07 million dollars by end December 2017. Reserve position in the IMF was 68.15 million dollars.

Central Bank’s Treasury bill holdings were significantly down from 20,255.06 million rupees by end November to 9,907.50 million rupees by end December.

Central Bank purchases of foreign exchange from commercial banks at market rates amounted to 200.50 million US dollars in the month of December without any sales.

During the year up to 12 January 2018, the Sri Lanka rupee has depreciated against the US dollar by 0.6 percent.