Sri Lanka’s gross official reserves have exceeded US$ 3
billion after more than US$ 1 billion flowed in during the week from an
international hedge fund in the US interested in investing in government
Treasury bonds.
Superintendent of the Public Debt Department C. P. J.
Siriwardena said the commitment to invest in government Treasury bonds
amounted to about US$ 1.2 billion.
Of this, by last Wednesday, over US$ 875 million had
come into the country through HSBC and the Central Bank purchased these
dollars: US$ 270 million on Monday, US$ 305 million on Tuesday and US$
308 on Wednesday. (See yesterday’s Island Financial Review).
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