Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Sri Lanka CBSL has bought net USD 2,083Mn foreign currencies from the market for 2023

Exchange RateJan 13, 2024
Sri Lanka CBSL has bought net USD 2,083Mn foreign currencies from the market for 2023

CBSL has been buying FX from the market to build a healthy FX reserve level in Sri Lanka. Figures indicated that CBSL had purchased USD 2.083Bn, in 2023. But CBSL had been the net seller of USD 585Mn in the previous 2022.

CBSL has been intervening in the market from time to time to maintain the stability of the exchange rate and to control any unusual market behaviours. During the last four months, CBSL has bought USD 421Mn from the market without selling any FX to the market. This approach clearly shows that the CBSL is on target to achieve significant growth in FX reserves.


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