Inflation ( CCPI)50.6% (Feb 2023)
GDP-12.4% (4Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate25.99%
12M T-Bill Rate24.31%
5Y T-Bond Rate27.00%/ 27.25%
10Y T-Bond Rate22.00% / 23.00%
Click on the chart for more details
Reserves $2.22Bn (Feb 2023)
Cum. Trade Deficit $449Mn (Feb 2023)
Cum. Fiscal DeficitLKR 1,601Bn (Nov 2022)

Sri Lanka official reserves up by nearly USD 100Mn by end of February from Jan

Bank & FinanceMar 7, 2023
Sri Lanka official reserves up by nearly USD 100Mn by end of February from Jan
This story is available exclusively to subscribers. Become an member and start reading now.

Sri Lanka experienced improved FX inflows as worker remittances, tourism recovery, and shrunk trade deficit. CBSL has delayed external payments of nearly USD 3Bn for bilateral and ISB holders as at end of 2022. That has helped CBSL to build reserves from the excess FX liquidity in the market.

The monthly average trade deficit was USD 800Mn in 1Q of 2022, which seems to have slashed by half. The average worker remittances were USD 260Mn in 1Q 2022, but in Jan 2023 it turned to be USD 437Mn. Tourism inflow has improved by 3.3%.


Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.