Things seem to be going from bad to worse as Sri Lanka’s continues its downward spiral depleting its foreign reserves even further. By the end of May the nation’s foreign reserves had decreased from $4.5 billion recorded at the end of April to $4 billion.
Sri Lanka overall possess $3530. 7 million in foreign currency positions while also maintaining a reserve position of $69.1 million in the IMF. The country also is in possession of $6.5 million special drawing rights, $410.7 million reserves in gold and other reserve assets worth $1.1 million.
A 22.08% decrease in rupee terms was shown in outstanding T-bills and T-bonds that were held by foreigners. The Central Bank Treasury bill currently maintains a face value of LRK 874.336 million.
As a result of the current pandemic situation the LKR to US dollar value saw a further 6.7% depreciation. As of 11.32 am on the 13th of June, 2021 the value of one US dollar is equivalent to LKR 198.12.
No.820, Mount Cresent,Malabe,Sri Lanka