Sri Lanka’s official reserve assets increase by 26.2% in May
Posted by Editor on June 7, 2023 - 9:48 pm
Sri Lanka’s official reserve assets stood at USD 3,483 million in May 2023, according to the Central Bank of Sri Lanka (CBSL).
This indicates an increase of 26.2% from the official reserve asset figure of USD 2,761 million in April 2023.
However, the current official reserve assets include a swap facility from People’s Bank of China, to the tune of USD 1.4 billion, which is subject to conditionalities on usability, the CBSL said.
Latest Headlines in Sri Lanka
- Sri Lanka President address at the UNGA highlighting Sri Lanka’s journey to rebuild trust and global solidarity September 22, 2023
- Hearing of Danushka Gunathilaka’s case concludes, verdict to be delivered next week September 21, 2023
- IMF chief Kristalina and Sri Lanka President Ranil discuss ongoing reforms and debt restructuring efforts September 21, 2023
- Two killed, two injured in shooting at Avissawella September 21, 2023
- Batticaloa Campus returned to Hizbullah September 20, 2023