Sri Lanka’s official foreign reserve assets have reduced by 4.4 per cent to USD 3,598 million at the end of August.
According to the Central Bank of Sri Lanka reserve assets stood at USD 3,765 million in July which included around USD 1.4 billion swap facility from the People’s Bank of China.
The reduction comes after Sri Lanka paid back USD 150 million of a swap facility obtained from Bangladesh two years ago.
This is a marginal drop of 4.4% compared to USD 3,765 million recorded in July 2023.
However, the current official reserve assets include a swap facility from the People’s Bank of China to the tune of USD 1.4 billion, which is subject to conditionalities on usability, the CBSL said further.
