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* Gross Official Reserves at Sri Lanka's Central Bank of Sri Lanka crosses US$ 9 billion
Sun, Aug 10, 2014, 01:22 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 10, Colombo: The Gross Official Reserves of the Central Bank of Sri Lanka (CBSL) crossed the US$ 9 billion mark on Friday (August 8) for the first time ever in the country's history, an official said.

By end May 2014, Sri Lanka's gross official reserves amounted to US dollars 8.8 billion, while total foreign assets, which include foreign assets of the banking sector amounted to US dollars 10.2 billion, Central Bank's External Sector Performance report for May 2014 said.

In terms of months of imports, gross official reserves were equivalent to 5.9 months of imports at end May 2014, while total foreign assets were equivalent to 6.9 months of imports

Sri Lanka aims to increase its gross reserves to US$ 10 billion by end-2014, the official said.

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