Sri Lanka gross official reserves down to USD7.2 bn by end-April

May 07, 2020 (LBO) – Sri Lanka’s gross official reserves were 7.2 billion US dollars (USD7,179.

9mn) by the end of April, down from 7.

5 billion US dollars in March, the latest Central Bank data showed.

By the end of April, the foreign currency reserves were 6,744.

1 million dollars while the reserve position in the IMF was 65.

3 million dollars.

Special Drawing Rights were 0.5 million, reserves in Gold were 369.

0 million and other reserve assets were one million US dollars.

During the year up to 06 May 2020, the Sri Lankan rupee has depreciated against the US dollar by 3.

9 percent.

The outstanding stock of T-bills and T-bonds held by foreigners has decreased by 3.93 percent during this week compared to the previous week.

The total outstanding market liquidity was a surplus of 94.

826 billion rupees by the end of the week, compared to a surplus of 96.352 billion rupees by the end of last week.