Sri Lanka’s official reserve assets stood at USD 3,483 million in May 2023, according to the Central Bank of Sri Lanka (CBSL).

This indicates an increase of 26.2% from the official reserve asset figure of USD 2,761 million in April 2023.

However, the current official reserve assets include a swap facility from People’s Bank of China, to the tune of USD 1.4 billion, which is subject to conditionalities on usability, the CBSL said.