Significant increase in Sri Lanka’s Foreign Reserve

November 7, 2024 at 4:20 PM

Sri Lanka’s Official Reserve Assets has increased to US$ 6.46 billion in October 2024 from the US$ 5.99 billion recorded in September this year.

According to the Central Bank of Sri Lanka (CBSL), this was a significant increase of 7.9%.

It also includes the swap facility from the People’s Bank of China (PBOC), equivalent to around US$ 1.4 billion, which is subject to conditionalities on usability. (Newswire)