SL records US$ 1 bn BoP surplus

29 Sep 2011 - {{hitsCtrl.values.hits}}

Sri Lanka recorded a Balance of payment (BoP) surplus of US$ 1, 006 in the first seven months of 2001, amidst officials reserves hitting over US$ 8 billion the Central Bank said.

The cumulative earnings from exports during the seven months rose 30.3 percent to US$ 6, 104 million. On the other hand expenditure on imports increased 48.3 percent to US$ 11, 091 billion.

"The increase in imports expenditure was spurred by the increase in imports of intermediate goods and investment goods, such as machinery and equipment and building materials, which set a satisfactory foundation for future growth" Central Bank said.

Economy

SL records US$ 1 bn BoP surplus

Most Popular Articles

LAUGFS gas prices remain unchanged

CSE slides sharply as Middle East tensions trigger broad-based selling

CSE rebounds as lower oil prices and strong crossings lift sentiment

CSE surges as peace deal optimism sparks broad-based rally

CSE ends week on a soft note as early gains fade amid cautious Friday profit-taking

CSE extends decline as middle east concerns weigh on investor confidence

Latest News

Hamilton wins first grand prix for Ferrari as Antonelli retires

Refugee-Turned-Star Irankunda delivers

Modified Dengue strain driving surge in cases: Health Ministry

Over 5,000 Bharatanatyam dancers in Colombo clinch Guinness World record

Court allows Tissa to seek answers from Prime Minister