Sri Lankas foreign reserves slipped 3.7 percent dip in April, slightly above a 5.7 percent drop in January 2004, according to latest data released by the Central Bank.
Official or rnCentral Bank reserves slipped to US$ 2,242.3 mn, while total reserves, which rnalso include private holdings, rose 3.3 percent to US$ 3,323.6 mn.
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Sri Lanka has rnto boost reserves steadily by allowing the rupee to float, according to the rnagreement with the International Monetary Fund.
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rn External Finance |
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2004 *rn |
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2003rn |
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% Changern |
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End Apr.rn |
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End Dec.rn |
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External rn Assets |
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Total rn Reserves (a) |
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US$ mnrn |
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rn 3,323.6 |
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rn 3,218.1 |
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rn 3.3 |
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Rs. mnrn |
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rn 326,853.1 |
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rn 311,315.3 |
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rn 5.0 |
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Gross rn Official Reserves |
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US$ mnrn |
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rn 2,242.3 |
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rn 2,329.0 |
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rn -3.7 |
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Rs. mnrn |
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rn 220,521.6 |
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rn 225,304.3 |
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rn -2.1 |
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