Economy News: The total official reserves of Sri Lanka were down from US$ 7,533.74 in March 2020 by US$ 353.84 million to US$ 7,179.9 million in April 2020, the latest Central Bank data showed.
By the end of April, foreign currency reserves stood at $6,744.1 million, while the IMF reserve balance stood at $65.3 million. Special drawing rights amounted to 0.5 million, Gold reserves to 369.0 million, and other capital assets to one million US dollars.
The Sri Lankan rupee depreciated 3.9 percent against the US dollar during the year up to 6 May 2020. Given the fluctuations in the cross-currency exchange rate, the Sri Lankan rupee appreciated against the pound sterling (1.5%) and the Indian rupee (2.1%) while depreciating against the euro (0.6%) and the Japanese yen (6.0%) during this time.