Top value reserves to $ 6.6 billion

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dollars-2Due to lower import costs higher resolution than the downturn of exports, the trade deficit increased slightly by 0.7 percent year-on-year in the first seven months of 2016. In the first eight months of the year to strengthen the functioning of foreign earnings from tourism sector increased by 16%, and has increased by 4.5% from January to July 2016 in remittances employed.

In addition to gaining confidence with extensive base grew facility International Fund, government securities of foreign investment and the government to increase financial flows to help local foreign exchange market stability.

Gross official reserves at the end of August 2016, reflecting the trends of the estimated increase from US $ 6.6 billion, while the Sri Lankan rupee has depreciated slightly during the period from the year 2016.

Central Bank of the facts have been revealed in the money policy review in September 2016.

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