Sri Lanka’s Gross Official Reserves stood at US$ 5.6 billion as of the end of June 2024, according to the Central Bank of Sri Lanka.
The CBSL states this is an increase from the US$ 5.41 billion reported in May this year.
The figures for June include proceeds from the swap with the People’s Bank of China equivalent to around US$ 1.4 billion, which is subject to conditionalities on usability.
The CBSL further said Sri Lanka’s Gross Official Reserves have also reported an increase, compared to the US$ 4.4 billion recorded at the end of June 2023.
Meanwhile, the Sri Lanka rupee witnessed intermittent volatility against the US dollar in recent months.
Overall, the Sri Lanka rupee appreciated by over 6.5 per cent against the US dollar thus far during 2024. (Newswire)
