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Composition of Sri Lanka's Gross Official Reserves

The reported gross official reserves as of February 2022 stood at USD 2,311 MN, out of which 98% (USD 2,242 MN) consisted of short-term swaps maturing within 12 months. Whilst the quantity of reserves is important it is eq...

Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?

Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with

Sri Lanka’s Short-Term Outflows Exceed Usable Reserves

Sri Lanka’s gross official reserves have been consistently declining since June 2019 and as of January 2022, usable foreign exchange reserves stand at USD 792 Mn, while the twelve-month outflows at end of 2021 stand at USD 6,904 Mn, whi...

Sri Lanka’s Fitch Credit Ratings Have Been Downgraded 5 Times during the 6-Year Period (December 2015 – December 2021)

Sri Lanka’s has been continually downgraded 5 times over the course of 6 years from December 2015 to December 2021, while its regional peers have managed to maintain their credit ratings to a greater extent.