ECONOMYNEXT – Sri Lanka’s central bank has been able to buy 950 million US dollars more from commercial banks than it sold so far in 2023, according to International Monetary Fund documents.
“Thus far in 2023, the CBSL has been able to purchase over US$ 950 million on a net basis towards building up reserves, ” Krishnamurthy Subramanian, Executive Director for Sri Lanka and Chandranath Amarasekara, Alternate Executive Director said in a statement released with IMF documents.
In 2023 the central bank has to buy 1.4 billion US dollars to build foreign reserves under the IMF program.
- https://economynext.com/sri-lanka-central-bank-buys-us950mn-amid-negative-credit-so-far-2023-116184/
“Thus far in 2023, the CBSL has been able to purchase over US$ 950 million on a net basis towards building up reserves, ” Krishnamurthy Subramanian, Executive Director for Sri Lanka and Chandranath Amarasekara, Alternate Executive Director said in a statement released with IMF documents.
In 2023 the central bank has to buy 1.4 billion US dollars to build foreign reserves under the IMF program.
- https://economynext.com/sri-lanka-central-bank-buys-us950mn-amid-negative-credit-so-far-2023-116184/