Srilanka foreign reserves USD6.4 bln in July: CB official

Srianka’s official reserves were 6.4 billion US dollars at the end of July, up from 5.27 billion US dollars at the end of June, a central bank official said on Friday.

Reserves were boosted by a dual-tranche sovereign bond offering this month of 500 million dollars through 5.5-year sovereign bonds and one billion dollars through 10-year sovereign bonds.

Official reserves have fallen from 8.2 billion dollars at the end of 2014, partly due to outflows from the government securities market tied to fiscal slippage.

Courtesy : LBO