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Monday, November 09, 2009 - 4.51 GMT

SL’s Gross Official Reserves exceed US dollars 4.8 billion

 
Sri Lanka’s Gross Official Reserves has already exceeded US dollars 4.8 billion with the approval of the Second Tranche under the IMF - Stand-by Arrangement (SBA) Facility.

With the renewed investor confidence on Sri Lanka’s economy and the continuation of the steady increase in foreign exchange inflows, the country’s external reserves position is expected to strengthen further in the coming months, states the Central Bank.

The Executive Board of the International Monetary Fund (IMF) on 06 November approved the second tranche of approximately USD 329 million under its 20-months Stand-by Arrangement (SBA) facility of approximately USD 2.6 billion to Sri Lanka.

 







 
 
   
   
   
   
   

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Last modified: November 09, 2009.

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