Reply to thread

Message: <blockquote data-quote="Hasitha22" data-source="post: 27198977" data-attributes="member: 578477">The Sunday Morning learns that the Cabinet of Ministers had last week discussed the possibility of selling the country’s gold reserves to boost the liquidity status of the reserves. The discussion was initiated by Finance Minister Basil Rajapaksa.However, no final decision was reached on the matter at last week’s Cabinet meeting, while several ministers had proposed that the Government seek an expert opinion on the matter.International rating agency, Fitch Ratings, meanwhile stated yesterday (18) that it believed it will be difficult for the Government to meet its external debt obligations in 2022 and 2023 in the absence of new external financing sources.The Central Bank of Sri Lanka (CBSL) is confident of receiving some significant inflows to boost the country’s foreign reserves this week, according to CBSL Governor Ajith Nivard Cabraal.“We are expecting some significant inflows early next week,” he told The Sunday Morning, but refrained from revealing the source of the inflows.“When the inflows are received, we will announce. Until then, I’m afraid we are bound by ‘radio silence’,” Cabraal observed.The CBSL Governor was confident that the fast-depleting foreign reserves will receive a boost before the end of this year. “We will keep to the target of achieving over $ 3 billion in reserves by the end of the year,” Cabraal added.<a href="https://www.themorning.lk/foreign-reserves-significant-inflows-expected-this-week-cabraal/" target="_blank">The morning</a>Gold reserves are at US$382.2 million (end of November 2021).</blockquote>

Verification: Asuwa dahayen wadi kalama keeyada?

Top Bottom