Sri Lanka has sufficient USD reserves to control dollar appreciation and stabilize the Sri Lankan rupee, per State Minister of Finance Ranjith Siyambalapitiya.
Sri Lanka has sufficient USD reserves to control further dollar appreciation and stabilize the Sri Lankan rupee, according to State Minister of Finance Ranjith Siyambalapitiya. The Central Bank of Sri Lanka has purchased around 1.62 billion USD in the first four months of the year, and no additional dollars are needed at this time. The official said the dollars were purchased to strengthen the export market.
May 21, 2024
3 Articles