News Line

    Go to Home Back
Email this to a friend
Printable version
Thursday, November 26, 2009 - 4.15 GMT

CB acquires gold from IMF

 
The Central Bank recently acquired 10 metric tons of Gold from the International Monetary Fund.

The gross official reserves of Sri Lanka now exceed US dollars 5.2 billion, which is sufficient to finance 6.4 months of imports.

Through such acquisition, the long-term stability of Sri Lanka’s external reserves will be strengthened, since the Gold holdings will provide a stable and long-term cushion against the impact of any potential volatility in major international currencies and financial instruments, in international financial markets, the Central Bank states.

 
 
   
   
   
   
   

top

   

Contact Information:: Send mail to priu@presidentsoffice.lk with questions or comments about this web site.
Last modified: November 26, 2009.

Copyright © 2008 Policy Research & Information Unit of the Presidential Secretariat of Sri Lanka. All Rights Reserved.