CBSL to Host Global Reserve Management Conference in Colombo 📈

• Event Details: The Central Bank of Sri Lanka (CBSL) will host a global reserve management conference on Sept 10–11 at The Kingsbury Hotel, Colombo, gathering central bankers, asset managers, and policymakers🌐 CBSL to Host Global Reserve Management Conference in Colombo • Event Overview: The Central Bank of Sri Lanka (CBSL) will host a international reserve management conference on Sept 10–11 at The Kingsbury Hotel, bringing together central bankers, sovereign asset managers, and policymakers to discuss reserve resilience, geopolitical fragmentation, USD dominance, gold/alternative assets, and technology & AI in reserve management. • Speakers: Featured global speakers include Domenico Nardelli (AIIB), Ussrah Hussain (HSBC), Shaokai Fan (World Gold Council), and Ajay Kumar (RBI). 📈 Reserve Status & CBSL Actions: • Gross Official Reserves: Reached US$ 6.591 Bn (end-July 2026), up +2.1% MoM from US$ 6.45 Bn in June amid central bank dollar purchases. • Dollar Buying: CBSL net bought US$ 348.6 Mn in July, bringing year-to-date net purchases to US$ 905 Mn (following US$ 2 Bn bought in 2025). • Market Context & Risks: • Sri Lanka faces ongoing monthly reserve fluctuations due to external debt service obligations. • According to Fitch Ratings, Sri Lanka’s FX reserves declined 7% between Feb–Apr 2026, with the rupee experiencing a 5%–7% depreciation range alongside regional peers following geopolitical conflicts.