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Last Updated : 2024-04-26 14:35:00
Sri Lanka’s gross official reserves amounted to US $ 8.1 billion by end-March 2014, while total international reserves, which include foreign assets of the banking sector, amounted to US $ 9.5 billion. In terms of months of imports, gross official reserves and total reserves were equivalent to 5.3 and 6.3 months of imports, respectively at end-March 2014. “Despite outflows on account of foreign debt service payments, IMF-SBA payments and other foreign outflows, an adequate level of reserves were maintained throughout the first quarter of 2014,” the Central Bank said. Meanwhile, during the period January to March 2014, the overall Balance of Payment (BoP) is estimated to have recorded a surplus of US $ 828.3 million, compared to a surplus of US $ 153.6 million recorded during the corresponding period of 2013. |
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