Hirunews Logo
SL+foreign+reserves+fall.
Sunday, 06 May 2012 - 13:17
SL foreign reserves fall.
8

Shares
992

Views

Sri Lanka's foreign reserves fell to 5,552 million US dollars at the end of February 2012, down 32% from a peak of 8,098 million US dollars in July 2011.

By the end of February foreign reserves were equal to 3.2 months of imports, the Central Bank said.

The reserves were still above the domestic monetary base, indicating that all rupee liabilities could be met by the Central Bank, unless it printed fresh money.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE