Sri Lanka Forex Reserves Rise
World Economy

Sri Lanka Forex Reserves Rise

Sri Lanka’s forex reserves rose to $6.4 billion by the last week of July up from $5.3 billion at the end of June 2016, an official said, EconomyNext reported. Sri Lanka sold a $1.5 billion sovereign bond and the proceeds are being kept in a fiscal reserve to repay debt. Sri Lanka’s foreign reserves are made up of both monetary reserves in the Central Bank and also the treasury. Central bank’s director of economic research K. M. Siriwardene said foreign investors have also resumed purchases of rupee bonds. In the stock market, portfolio outflows were continuing.


Short URL : http://goo.gl/IC9tFx
  1. http://goo.gl/6qjKEL
  • http://goo.gl/Ra0iZG
  • http://goo.gl/y2lmoy
  • http://goo.gl/vWYnME
  • http://goo.gl/5rlRr2

You can also read ...

Cyber threats are ever-evolving.
The White House released a report that found that the economic...
Global Investors Target Zimbabwe Energy Sector
Zimbabwe has become a magnet for billionaire global firms such...
BSP said the planned RRR cuts are part of the bank’s financial market reforms.
The Bangko Sentral ng Pilipinas said it was reducing banks’...
FAO regional representative Julio Berdegue (R), and the deputy regional representative Eve Crowley.
Identifying territories where rural poverty is most entrenched...
Asean Labor Flows Hit a Wall
Tighter restrictions on foreign labor in Malaysia and Thailand...
The country’s GDP grew by 3.2% in 2017 but will  edge down in the coming years.
A report by the International Monetary Fund showed Sunday that...
Baby-boomers will start turning 75 or older in 2022, which is expected to trigger a surge in health care and nursing care costs.
Amid stalling inflation and ballooning government spending,...
Lagarde Backs Creation of European Monetary Fund
International Monetary Fund chief Christine Lagarde has no...