Sri Lanka official reserves fall to US$6.6bn in September

October, 12, 2020

Sri Lanka’s gross official reserves were down by US$777.3 million to US$ 6,652.8 million in September 2020 from US$ 7,430.1 million in August 2020, latest Central Bank data showed.

By the end of September, foreign currency reserves were 6,175.5 million dollars while the reserve position in the IMF was 67.4 million dollars.

Reserves in Gold were 406.2 million and other reserve assets were US$1.1 million.

The level of gross official reserves amounted to US$ 7.4 billion as at end August 2020, which was equivalent to 5.1 months of imports. Total foreign assets, which consist of gross official reserves and foreign assets of the banking sector, amounted to US$ 10.3 billion at end August 2020, providing an import cover of 7.2 months.