COLOMBO : Sri Lanka's official foreign exchange reserves have risen to around US$3.1 billion and would remain at that level until year-end, cen
COLOMBO : Sri Lanka’s official foreign exchange reserves have risen to around US$3.1 billion and would remain at that level until year-end, central bank governor Ajith Nivard Cabraal said in a tweet on Wednesday.
The country’s reserves were at US$1.6 billion at the end of November but have now been topped up after a US$1.5 billion swap with the People’s Bank of China was finalised on Wednesday, two central bank sources told Reuters.
The central bank also put out a statement confirming the increase in reserves and said the reserve position is likely to be comfortable throughout 2022.
(Reporting by Uditha Jayasinghe; Editing by Swati Bhat and Sam Holmes)
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