Official reserves inch up in Sept. to $ 6.24 b

Monday, 13 October 2025 00:22 - - {{hitsCtrl.values.hits}}

CBSL expects $ 2.1 b outflow in next 12 months

Official reserve assets inched upward to $ 6.24 billion as of end September 2025, after stagnating at $ 6.1 billion the previous two months.

According to the latest Central Bank of Sri Lanka (CBSL) data, foreign currency reserves amounted to $ 6.18 billion by end-September, with Gold reserves amounting to $ 58 million.

The CBSL expects a $ 2.1 billion outflow within the next 12 months, including debt servicing.

Last week, the International Monetary Fund (IMF) said strong tourism receipts, remittances, and exports have helped offset the impact of higher imports on reserves.

IMF Mission Chief Evan Papageorgiou said: “Reserve accumulation is an outcome of many variables, not just the imports of vehicles which remove dollars from the market, but also offsetting aspects with strong tourism, strong remittances, and ongoing general strength on the export sector.”

He added that the CBSL remains on track to meet or exceed its net international reserve target.