Sri Lanka’s Gross official reserves (GOR) have continued to improve to US$ 4.5 billion by the end of January 2024, according to the Central Bank of Sri Lanka.
The GOR included the swap facility from the People’s Bank of China (PBOC), equivalent to around US$ 1.4 billion, which is subject to conditionalities on usability.
The increase in the GOR was mainly due to the substantial net purchases of foreign exchange from the domestic market by the Central Bank.
Overall, the Central Bank has purchased US$ 245 million, on a net basis, during the month of January 2024. (NewsWire)
