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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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» Dividend Announcements
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» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
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» SEYB.N0000 (Seylan Bank PLC)
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» Should I Stick Around, or Should I Follow Others' Lead?
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    Sri Lanka’s forex reserves down to US$7.26bn in Jan 2015: Central bank

    Market R
    Market R


    Posts : 221
    Join date : 2015-01-07

    Sri Lanka’s forex reserves down to US$7.26bn in Jan 2015: Central bank Empty Sri Lanka’s forex reserves down to US$7.26bn in Jan 2015: Central bank

    Post by Market R Sun Mar 01, 2015 10:18 am

    Feb 26, 2015 (LBO) - Sri Lanka's forex reserves fell to 7.261 million US dollars in January 2015, from 8.208 million US dollars in December 2015,official data showed.

    The Island’s foreign reserves were up in August 2014 at 9.2 billion US dollars amid weak credit growth and since then it was falling steadily as domestic credit picked up.


    According to analysts, the Central Bank would mop up excess liquidity in the banking system permanently and allow the market interest rates to move up if the foreign reserves are to be safeguarded. .

    The interim budget 2015, which raised public sector salaries from February is also expected to boost consumption and put pressure on the credit system.

      Current date/time is Thu Nov 07, 2024 11:01 pm