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Sri Lanka’s gross official reserves reach US$ 9 billion

Ethical Trader

Ethical Trader: Top contributor; Posts : 5568
Join date : 2014-02-28

Post n°1

Sri Lanka’s gross official reserves reach US$ 9 billion

by Ethical Trader Sat Aug 09, 2014 2:52 pm

Sri Lanka’s gross official reserves reach US$ 9 billion
Ada Derana
August 9, 2014 11:53 am

The Gross Official Reserves of the Central Bank of Sri Lanka crossed the US$ 9 billion mark on Friday (August Cool

for the first time ever in the country’s history, Central Bank Governor Ajith Nivard Cabraal said.

By end May 2014, Sri Lanka’s gross official reserves amounted to US dollars 8.8 billion, equivalent to 5.9 months of imports, while total foreign assets which include foreign assets of the banking sector amounted to US dollars 10.2 billion.

Sri Lanka aims to increase its gross reserves to US $ 10.0 billion by end-2014.
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slstock

slstock: Veteran; Posts : 6216
Join date : 2014-06-12

Post n°2

Re: Sri Lanka’s gross official reserves reach US$ 9 billion

by slstock Sat Aug 09, 2014 3:01 pm

"Sri Lanka aims to increase its gross reserves to US $ 10.0 billion by end-2014."

Is this a window dressing procedure , or is to hold RS appreciating ? Atleast building $ reserves shows a positive feeling.

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Sri Lanka’s gross official reserves reach US$ 9 billion

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