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Monday, April 02, 2012 - 7.12 GMT
Considerable improvement in foreign exchange inflows in March 2012


Positive inflows to the equity market are continuing with the total net inflows to the Colombo Stock Exchange amounting to US dollars 164.2 million by 30thMarch, says the Central Bank.

The Central Bank also absorbed a substantial part of such foreign exchange inflows, resulting in the gross official reserves increasing considerably during March 2012, the Bank further said.

In the meantime, the month-to-month growth in import expenditure decelerated to 20 per cent in January 2012 from 34 per cent in December 2011. A further deceleration in import growth is expected in response to various policy measures introduced by the Central Bank and the Government in February and March 2012.

At the same time, other foreign exchange inflows to different sectors of the economy are being realized as expected, the Bank added. In addition to funds already raised by commercial banks to strengthen their capital base, more than US dollars 500 million of further investment is expected during the next few weeks.

The inflows in respect of Treasury bills and bonds have also amounted to US dollars 400 million so far in 2012.






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Last modified: April 02, 2012.

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