Growth in Forex reserves

Sunday, 14 April 2019 - 19:08

Growth+in+Forex+reserves
Sri Lanka's forex reserves grew by 1.58 billion US dollars to 7,621.9 million US dollars by end March 2019 from 6,035.16 million US dollars, helped by sovereign bond sales and actual mopping up of inflows amid weak credit and better monetary policy.

Gross official reserves are made up of central bank's monetary reserves and fiscal reserves of the Treasury which are borrowed outright.


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