Sri Lanka’s gross official reserves were down by US$353.84 million to US$ 7,179.9 million in April 2020 from US$ 7,533.74 in March 2020, latest Central Bank data showed.

By the end of April, foreign currency reserves were 6,744.1 million dollars while the reserve position in the IMF was 65.3 million dollars.

Special Drawing Rights were 0.5 million, reserves in Gold were 369.0 million and other reserve assets were one million US dollars.

During the year up to 06th May 2020 the Sri Lankan rupee depreciated against the US dollar by 3.9%. Given the cross currency exchange rate movements, the Sri Lankan rupee appreciated against the pound sterling (1.5 per cent) and the Indian rupee (2.1 per cent) while depreciating against the euro (0.6 per cent) and the Japanese yen (6.0 per cent) during this period.