Colombo, April 8 (newsin.asia) – Sri Lanka’s official reserves have declined by 16.1 percent in March, according to central bank data.
The Central Bank of Sri Lanka (CBSL) says that Sri Lanka’s official reserves dropped from USD 2.3 billion (USD 2,311 million) in February 2022 to USD 1.93 billion (USD 1,939 million) by the end of March.
Meanwhile, the gold reserves which were at USD 98 million have declined to USD 29 million in March, the Central Bank said. This is a drop by around 70 percent.
Furthermore, Sri Lanka Central Bank printed 119.08 billion rupees on Wednesday. This was the highest reported amount printed in a single day during the year.
The total amount added to the Sri Lankan financial market during this year (2022) increased to Rs. 432.76 billion.