COLOMBO, Sri Lanka (News Cutter) – The Central Bank of Sri Lanka (CBSL) announced that the country’s gross official reserves have exceeded $3 billion as of May 31.

This significant milestone reflects the stability and strength of Sri Lanka’s economy and its ability to meet external obligations.

The gross official reserves comprise various assets held by the CBSL, including foreign currencies, gold, Special Drawing Rights (SDRs), and reserve position in the International Monetary Fund (IMF).

These reserves play a crucial role in safeguarding the country’s external financial position and supporting its international transactions. (Lahiru Doloswala)