The Central Bank of Sri Lanka (CBSL) announced that it has acquired a substantial amount of foreign exchange from the domestic market to strengthen the Gross Official Reserves (GOR).
Key Points:
- As of August 2024, GOR reached USD 6.0 billion.
- The figure includes a swap facility from the People’s Bank of China, which is subject to certain conditions.
This move aims to stabilize the nation’s foreign reserves, supporting economic resilience amid ongoing fiscal reforms and external challenges.
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Central Bank of Sri Lanka (CBSL)
Last modified: September 27, 2024
