Sri Lanka’s official reserves down to USD 4bn by end May; YTD rupee depreciation 6.7-pct

Sri Lanka’s official reserves were 4 billion US dollars (USD 4,018.1mn) by the end of May, down from 4.5 billion US dollars in April, the latest Central Bank data showed.

By the end of May, the foreign currency reserves were 3,530.7 million dollars while the reserve position in the IMF was 69.1 million dollars.

Special Drawing Rights were 6.5 million, reserves in Gold were 410.7 million and other reserve assets were 1.1 million US dollars.

The outstanding stock of T-bills and T-bonds held by foreigners has decreased by 22.08 percent in rupee terms during the reporting week compared to the previous week.

As of 11 June 2021, the Central Bank Treasury bill holdings at the face value was 874,336 million rupees.

During the year up to 11 June 2021, the Sri Lankan rupee has depreciated against the US dollar by 6.7 percent.