Even after not paying any forex debt and rationing fuel to just 40% of previous consumption, usable forex reserves of the Central Bank fell by 15% to USD 354 million by end July 2022 from USD 417 million by end March 2022.
Nandalal Weerasinghe, the Governor of the Central Bank of Sri Laka, has not been able to obtain a single dollar as “bridging finance” in his 4 ½ months in office.
So much for big talk!
