Sri Lanka’s official reserves remain at USD 4bn level by the end of June

Sri Lanka’s official reserves were 4 billion US dollars (USD 4,027.9mn) by the end of June, unchanged from 4 billion US dollars (USD 4,032.8mn) in May, the latest Central Bank data showed.

This does not include the swap facility signed with the People’s Bank of China (PBoC) of RMB 10 bn (equivalent to approximately US$ 1.5 bn)

By the end of June, the foreign currency reserves were 3,574.4 million dollars while the reserve position in the IMF was 68.3 million dollars.

Special Drawing Rights were 2.9 million, reserves in Gold were 381.3 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 0.01 percent in rupee terms during the reporting week compared to the previous week.

As of 09 July 2021, the Central Bank Treasury bill holdings at the face value was 917,050 million rupees.

During the year up to 09 July 2021, the Sri Lankan rupee has depreciated against the US dollar by 6.7 percent.