Foreign reserves robust, debt payments manageable - CBSL Governor

Foreign reserves robust, debt payments manageable - CBSL Governor

January 7, 2025   10:37 am

The Governor of the Central Bank of Sri Lanka, Dr. Nandalal Weerasinghe assured that Sri Lanka’s foreign reserves remain robust.

He made this remark during his appearance on Ada Derana’s current affairs programme ‘360°’ last night (06).

Speaking during the programme, the CBSL chief said: “The target was around Rs.5.6 billion, but we increased it to Rs.6.5 billion. By the end of 2024, after settling old debts, reserves stood at Rs.6.1 billion. Our aim is to raise this to Rs.7 billion by the end of this year, which is achievable.” 

“After debt restructuring, payments of Rs.3–4 billion annually over the next 10 years will be manageable. If we maintain Rs.8 billion in reserves, we will have a strong buffer to meet foreign debt obligations. The current reserve levels are stable to handle these challenges,” Dr. Weerasinghe elaborated.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

No authority to allocate Hanthana land to MP Chamindranee Kiriella – COPE (English)

No authority to allocate Hanthana land to MP Chamindranee Kiriella – COPE (English)

Certain groups seeking change want their wrongdoings to stay hidden - Minister Vidyaratna (English)

Sri Lanka to hold virtual talks with US Trade Representative on tariff reduction (English)

Rajitha's anticipatory bail application rejected (English)

Former Minister Rajitha Senaratne's anticipatory bail application rejected

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm

LIVE🔴 Ada Derana Lunch Time News Bulletin 12.00 pm

LIVE🔴 - Ada Derana Midday Prime News Bulletin