Foreigners pulled out over Rs. 8.8 Bn from Government Securities in a week

September, 26, 2018

The latest data from the Central Bank of Sri Lanka points out that Foreigners had gradually exited from Sri Lanka’s Government Securities (Treasury Bills and Treasury Bonds) and pulled out over Rs. 8.8 billion in a week, during the period from 12thSeptember to 19th September 2018.

Earlier data showed foreigners had pulled out over Rs. 193.81 billion in just three and a half years from December 2014. According to the Central Bank data as at 24th December 2014 foreigners held over Rs. 453.44 billion worth Government Securities whilst as of 19th September 2018 the value of Government Securities held by foreigners had fallen to Rs. 259.626 billion which had further fallen from Rs. 268.438 billion as at 12th September 2018.

Meanwhile Sri Lankan Rupee had depreciated against the US Dollar by over 30% from December 2014 to September 2018 from Rs. 130 per US Dollar to the levels of Rs. 170 per US Dollar during the same period.

- Reporting by Devendra Francis

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