Sri Lanka’s official reserve assets fell by 4.4% in August 2023 after paying Bangladesh USD 150 million
Posted by Editor on September 8, 2023 - 10:22 am
Sri Lanka’s official foreign reserve assets have reduced by 4.4 percent to USD 3,598 million at the end of August, 2023, the Central Bank of Sri Lanka (CBSL) said.
According to the CBSL reserve assets stood at USD 3,765 million in July, 2023 which included around USD 1.4 billion swap facility, which is subject to conditionalities on usability, from the People’s Bank of China.
The reduction comes after Sri Lanka paid back USD 150 million of a swap facility obtained from Bangladesh two years ago.
Latest Headlines in Sri Lanka
- Audit reveals misuse of electric vehicle permits for migrant workers in Sri Lanka November 23, 2024
- IMF approves third review: Sri Lanka secures $333 million tranche under EFF November 23, 2024
- Sri Lankan President urges accountability and unity for a better future November 23, 2024
- IMF third review talks with Sri Lanka successfully conclude November 22, 2024
- Professor Gomika Udugamasooriya appointed Senior Advisor to President on Science and Technology November 22, 2024
