Sri Lanka’s official reserves down to USD 4.5bn by end Feb; YTD rupee depreciation 5.2-pct

Sri Lanka’s official reserves were 4.5 billion US dollars (USD 4,555.7mn) by the end of February, down from 4.8 billion US dollars in January, the latest Central Bank data showed.

By the end of February, the foreign currency reserves were 4,097.3 million dollars while the reserve position in the IMF was 69.2 million dollars.

Special Drawing Rights were 6.7 million, reserves in Gold were 381.4 million and other reserve assets were 1.1 million US dollars.

The outstanding stock of T-bills and T-bonds held by foreigners has remained the same in rupee terms during the reporting week compared to the previous week.

As of 12 March 2021, the Central Bank Treasury bill holdings at the face value was 810,041.88 million rupees.

During the year up to 12 March 2021, the Sri Lankan rupee has depreciated against the US dollar by 5.2 percent.