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Sri Lanka foreign reserves rise 2.2-pct to US$2,755mn in April
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<blockquote data-quote="monson" data-source="post: 28830989" data-attributes="member: 30005"><p>ECOMYNEXT – Sri Lanka’s foreign reserves grew 2.2 percent to 2,755 million US dollar in April 2023 from 2,694 million US dollars in March, central bank data showed.</p><p></p><p>Sri Lanka’s rupee appreciated from around 360 to the US dollar to 320 and has since been at that level.</p><p></p><p>Sri Lanka has to increase net international reserves by 710 million US dollars by June 2023 under an International Monetary Fund deal.</p><p></p><p>By April gross reserves have risen by around 859 million dollars.</p><p></p><p></p><p>To buy reserves from inflows (central bank has to take in deposits in dollars against rupee) Sri Lanka has to keep interest rates high enough so that that the rupees are not invested or spent and can be mopped up (domestic investment has to be curtailed).</p><p></p><p>Sri Lanka in the first quarter had liquidity shortages to absorb the rupee and prevent their loaning by banks.</p><p></p><p>However the liquidity shortages are easing, through private credit demand is negative. (Colombo/May04/2023)</p><p></p><p>- <a href="https://economynext.com/sri-lanka-foreign-reserves-rise-2-2-pct-to-us2755mn-in-april-119767/" target="_blank">https://economynext.com/sri-lanka-foreign-reserves-rise-2-2-pct-to-us2755mn-in-april-119767/</a></p><p></p><p>මෙරට නිල විදේශ වත්කම් සංචිතය අප්රේල් මස අවසානයේදී අමෙරිකානු ඩොලර් බිලියන 2.75 දක්වා මාර්තු මාසයට සාපේක්ෂව 2.2%කින් වර්ධනය වී තිබේ.</p><p></p><p>මාර්තු මාසයේ විදේශ මුදල් සංචිතය සටහන් වුයේ අමෙරිකානු ඩොලර් බිලියන 2.69ක් ලෙසය.</p><p></p><p>මෙම වත්කම් සංචිතයට භාවිතය සඳහා චීන මහජන බැංකුව විසින් විනිමය හුවමාරු ක්රමයට ලබාදුන් ඩොලර් බිලියන 1.4ක්ද ඇතුළත් බව ශ්රී ලංකා මහ බැංකුව පවසයි.</p><p></p><p>- <a href="https://sinhala.adaderana.lk/news/181376" target="_blank">https://sinhala.adaderana.lk/news/181376</a></p></blockquote><p></p>
[QUOTE="monson, post: 28830989, member: 30005"] ECOMYNEXT – Sri Lanka’s foreign reserves grew 2.2 percent to 2,755 million US dollar in April 2023 from 2,694 million US dollars in March, central bank data showed. Sri Lanka’s rupee appreciated from around 360 to the US dollar to 320 and has since been at that level. Sri Lanka has to increase net international reserves by 710 million US dollars by June 2023 under an International Monetary Fund deal. By April gross reserves have risen by around 859 million dollars. To buy reserves from inflows (central bank has to take in deposits in dollars against rupee) Sri Lanka has to keep interest rates high enough so that that the rupees are not invested or spent and can be mopped up (domestic investment has to be curtailed). Sri Lanka in the first quarter had liquidity shortages to absorb the rupee and prevent their loaning by banks. However the liquidity shortages are easing, through private credit demand is negative. (Colombo/May04/2023) - [URL]https://economynext.com/sri-lanka-foreign-reserves-rise-2-2-pct-to-us2755mn-in-april-119767/[/URL] මෙරට නිල විදේශ වත්කම් සංචිතය අප්රේල් මස අවසානයේදී අමෙරිකානු ඩොලර් බිලියන 2.75 දක්වා මාර්තු මාසයට සාපේක්ෂව 2.2%කින් වර්ධනය වී තිබේ. මාර්තු මාසයේ විදේශ මුදල් සංචිතය සටහන් වුයේ අමෙරිකානු ඩොලර් බිලියන 2.69ක් ලෙසය. මෙම වත්කම් සංචිතයට භාවිතය සඳහා චීන මහජන බැංකුව විසින් විනිමය හුවමාරු ක්රමයට ලබාදුන් ඩොලර් බිලියන 1.4ක්ද ඇතුළත් බව ශ්රී ලංකා මහ බැංකුව පවසයි. - [URL]https://sinhala.adaderana.lk/news/181376[/URL] [/QUOTE]
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