Economic NewsEconomy-wide / Cross-sector
📈 Sri Lanka’s Official Reserves Cross $ 7 Bn in October
• Reserve Position: Official reserve assets rose to US$ 7.09 Bn at end-October 2026, up from US$ 6.90 Bn in September. Foreign currency reserves grew to US$ 6.84 Bn (up from US$ 6.62 Bn). • CBSL Market Operations: Net US dollar purchases reached US$ 191.3 Mn in October with zero sales, nearly tripling September's US$ 64.2 Mn. Year-to-date (YTD) net purchases stand at US$ 1.73 Bn. • Short-Term Outflows: Expected short-term drains (swaps and loan servicing) total US$ 5.75 Bn, representing ~84% of foreign currency reserves and leaving US$ 1.09 Bn free of near-term commitments (1.2x coverage).
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