Sri Lanka’s official foreign reserves dropped 3% in November to $6.03 billion, marking the lowest level recorded this year.
According to the Central Bank of Sri Lanka (CBSL), reserves fell from $6.21 billion at the end of October and remain well below the March peak of $6.51 billion.
A year earlier, in November 2024, reserves stood at $6.45 billion.
The CBSL said foreign currency reserves declined to $5.94 billion in November from $6.1 billion a month earlier.
Gold holdings rose slightly to $85 million from $80 million, while the country’s allocation of International Monetary Fund special drawing rights dropped sharply to $2 million from $31 million.
Sri Lanka’s foreign currency obligations over the next 12 months are estimated at $2.05 billion.
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