Foreign+reserves+deplete
Saturday, 18 May 2019 - 12:45
Foreign reserves deplete
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Sri Lanka's Forex reserves had dropped 416 million US dollars from March.

In April 2019 Sri Lanka had to repay a 500 million US dollar sovereign bond.

Foreign reserve values could go up because of interest earned on the dollars, inflows to the government or private sector, which exceed outflows due to weak domestic credit.
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