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Wednesday, July 30, 2014 - 05.51 GMT
Foreign Reserve has shown Nine billion USD increase


The Central Bank of Sri Lanka says the amount of foreign reserves in the country has shown an unprecedented increase up to nine billion US dollars. This is adequate for six months imports to the country. Increase of tourist arrivals and foreign flows sent by Sri Lankan migrant workers and the increase of export income have mainly contributed to this development.

Foreign-exchange reserves also called forex reserves are in a strict sense, only the foreign-currency deposits held by national central bank.

Director General of the Economic Research Unit in the Central Bank Mrs. Swarna Gunarathne says there is a stability in exchange rates due to these reasons. The Central Bank has also been able to purchase 800 million US dollars from the foreign market on this ground.




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Last modified: July 30, 2014.

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