August figures for SL’s official reserves revealed

Date:

Colombo (LNW): Sri Lanka’s official reserves have dropped to US $3,598 million in August, 2023, a decline of 4.4 per cent compared to the month before, revealed the the Central Bank of Sri Lanka (CBSL).

In July, the official assets remained at US $3,765 million, and in the following month, the assets have dropped to US $3,598 million, indicating a drop of 4.4 per cent.

The official reserves include the US $ 1.4 billion swap facility from China, the CBSL noted, adding that the amount is subject to conditionalities on usability.

Share post:

spot_imgspot_img

Popular

More like this
Related

Government Probes into Rapid Expansion of Unregulated Co-operative Banks

Financial institutions mushrooming in the island without a proper oversight as...

Sri Lanka Launches Bold Crackdown to Recover Stolen Wealth

In a sweeping move to confront decades of entrenched...

Guarantee Trap: Hidden Fiscal Risks Lurking in Sri Lanka’s Debt

Sri Lanka’s growing dependence on government guarantees has turned...

Sri Lanka’s Gem Glory Dimmed by US $1 Billion Black Market

The gem and jewellery industry in Sri Lanka long...