Friday, 27 September 2024 10:40

Sri Lanka’s official reserves reach USD 6 billion Featured

Rate this item
(0 votes)

The Central Bank of Sri Lanka (CBSL) says it purchased a significant amount of foreign exchange from the domestic market to bolster the Gross Official Reserves (GOR).

As of the end of August 2024, GOR stood at USD 6.0 billion, including the swap facility from the People’s Bank of China which is subject to conditionalities.

In 2024 the central bank bought at least 148.5 million US dollars from markets in August.Gross official reserves are made up of the central bank’s monetary reserves bought against reserve money and also government foreign exchange balances borrowed from multilateral and other lenders.

Sri Lanka signed a 100 million dollar budget support loan from the Asian Development Bank in early August.

 

Read 110 times
There are 35831 listings and 1274 categories in our website