The balance of payment (BoP) surplus is estimated to have surpassed US $ 2.15 billion as of end-August 2014 in comparison to a deficit of US $ 66 million for the corresponding quarter last year, the CB said.
Meanwhile, the gross external reserves, which measure the strength of the external position, amounted to US $ 9.2 billion, equivalent to 5.9 months of imports.
During August, tourism earnings increased by 22 percent YoY to US $ 203 million, while the earnings for the first eight months rose by 32 percent to US $ 1.45 billion from a year earlier.
The biggest foreign exchange earner, worker remittances, rose by 1.5 percent YoY to US $ 548 million in August, while the eight months’ cumulative flows amounted to US $ 4.5 billion, a 10 percent growth from the corresponding period last year.
The long-term loans obtained by the government during the first eight months amounted to US $ 1.17 billion compared to US $ 1.16 billion.
“Net inflows to the government securities market from January to end-August 2014 amounted to US $ 218 million, which comprised net inflows to Treasury bills and Treasury bonds amounting to US $ 37 million and US $ 181 million, respectively,” the CB said in a statement.
Further, foreign inflows to the Colombo Stock Exchange in August amounted to US $ 28 million compared to US $ 18 million in the same month last year and on a cumulative basis, the bourse received a net foreign inflow of US $ 56.7 million during the first eight months.
The licensed commercial and specialized banks raised a total of US $ 200 million foreign funds during the first eight months.