Monday April 1, 2024 6:34 am
ECONOMYNEXT – Sri Lanka has recorded a surplus of 1,559 million dollars in the external current account by end 2023, official data show, amid reserve collections by the central bank and private banks repaying debt.
In the December 2023 quarter Sri Lanka recorded a current account surplus of 237 million US dollars.
Revised central bank data show that a current account surplus of 687 million US dollars was recorded in the third quarter, 51 million dollars in the second quarter and 584 million dollars in the first quarter.
Sri Lanka started to record a current account surplus from the third quarter of 2022, with monetary stability also being restored around the same time and the overall balance of payments also going into surplus with deflationary monetary policy.
- https://economynext.com/sri-lanka-current-account-in-us1-6bn-surplus-in-2023-156688/
