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Sri Lanka foreign reserves drop by $568 million in January

(UDHAYAM, COLOMBO) – Sri Lanka’s official reserves dropped 567.5 million US dollars to 5.45 billion dollars in January, down from 6.01 billion dollars at the end of December, official Central Bank data showed.

Foreign currency reserves were 4.52 billion US dollars and reserves in Gold were 0.86 billion US dollars, the LBO reported.

The Central Bank’s Treasury bill holdings were down from 331.39 billion rupees in December to 250.65 billion rupees in January.

Central Bank has purchased 179.31 million dollars of foreign exchange from commercial banks at market rates in January while selling 71.73 million dollars in the month.

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