FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Latest topics

» Buy back season - Richard Pieris
by Runnerx Yesterday at 10:31 pm

» What is Wrong with SOFTLOGIC HOLDINGS PLC (SHL.N000)
by DeepFreakingValue Yesterday at 10:10 pm

» SRI LANKA TELECOM (SLTL.N0000) - Reawakening the Giant
by God Father Yesterday at 9:32 pm

» Focus on Government controlled entities
by K.R Yesterday at 9:17 pm

» PMB/PLC/PINS
by GOSL Yesterday at 6:47 pm

» May Day! alert from SOFTLOGIC FINANCE PLC (CRL.N0000)
by God Father Yesterday at 5:45 pm

» LOLC FINANCE PLC (LOFC.N0000)
by Equity Win Yesterday at 3:49 pm

» THE NEXT OPPORTUNITY - GET IN
by morphy360 Yesterday at 10:11 am

» UNION BANK - Ownership change requires approval
by God Father Wed Dec 07, 2022 5:51 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by K.R Wed Dec 07, 2022 4:21 pm

» Sri Lanka cleared to borrow cheaper IDA funds by World Bank
by K.R Tue Dec 06, 2022 10:14 am

» PLR (Prime Lands) Next Value counter.. Fair Value Rs 20
by Anushka Perz Tue Dec 06, 2022 12:19 am

» NESTLE LANKA PLC (NEST.N0000)
by Anushka Perz Tue Dec 06, 2022 12:15 am

» What will happen tomorrow?
by ErangaDS Mon Dec 05, 2022 9:12 am

» Paris Club proposes 10-year moratorium on Sri Lanka debt, 15 years of debt restructuring
by K.R Sun Dec 04, 2022 11:27 pm

» Banking Sector Faces Tight Liquidity
by DeepFreakingValue Sat Dec 03, 2022 4:15 pm

» Sri Lanka: Exchange Rate Movement
by DeepFreakingValue Sat Dec 03, 2022 3:46 pm

» Fitch downgrades Sri Lanka’s rating further
by CHRONICLE™ Sat Dec 03, 2022 9:12 am

» Sri Lanka bond yields extend fall on DDR comments
by K.R Fri Dec 02, 2022 7:11 pm

» Sri Lanka banks may need more regulatory, accounting forbearance
by CHRONICLE™ Fri Dec 02, 2022 2:05 pm

LISTED COMPANIES

Submit Post


ADVERTS

Poll

EXCHANGE RATE PREDICTION: 2022

Sri Lanka’s Forex Reserves to exceed US$7 Billion by end 2021 Vote_lcap16%Sri Lanka’s Forex Reserves to exceed US$7 Billion by end 2021 Vote_rcap 16% [ 43 ]
Sri Lanka’s Forex Reserves to exceed US$7 Billion by end 2021 Vote_lcap21%Sri Lanka’s Forex Reserves to exceed US$7 Billion by end 2021 Vote_rcap 21% [ 58 ]
Sri Lanka’s Forex Reserves to exceed US$7 Billion by end 2021 Vote_lcap30%Sri Lanka’s Forex Reserves to exceed US$7 Billion by end 2021 Vote_rcap 30% [ 83 ]
Sri Lanka’s Forex Reserves to exceed US$7 Billion by end 2021 Vote_lcap34%Sri Lanka’s Forex Reserves to exceed US$7 Billion by end 2021 Vote_rcap 34% [ 93 ]

Total Votes : 277

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

MARKET CHAT


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ » Sri Lanka’s Forex Reserves to exceed US$7 Billion by end 2021

Sri Lanka’s Forex Reserves to exceed US$7 Billion by end 2021

Go down  Message [Page 1 of 1]

CHRONICLE™

CHRONICLE™
Admin

Sri Lanka’s Forex Reserves to exceed US$7 Billion by end 2021 F961c110

It has been noted that several opposition groups have been speculating about Sri Lanka's forex Reserve level and attempting to convey a status of instability.

In that context, it must be stressed that what is most important is the cash flow, not the Reserve level at a given time. Experienced finance mangers will keep a close watch on the cash flows as they very well know that temporary fluctuations in the reserve level may occur, but that no destability will be caused if the cash flow is managed successfully.

Sri Lanka has worked out its external cash flows in a manner so that every Forex loan repayment and interest payment will be made on time, through the careful management of its existing reserves as well as expected inflows and outflows.

The inflows over the next 3 months, as per the country's Forex pipeline amounts to nearly USD 2,650m as follows:

*SWAP from India - USD 400m
*SWAP from Bangladesh - USD 250m
*Loan from China Development Bank - USD 300m
*Special Drawing Rights allocation from the IMF - USD 800m
*Central Bank purchases from the Forex market in the next 3 months - USD 200m
*Inflow from ISBs held by local banks - USD 300m
*Expected inflows from the utilisation of under-utilised assets - USD 400m

The Central Bank has also successfully negotiated a SWAP with the People's Bank of China of a sum of USD 1500m, which too, can be accessed and hence could be included as a part of its effective reserves.

In addition, arrangements are being made to roll-over almost the entirety of the SLDB and FCBU loans that are maturing over the balance part of the year, so that such maturities will not lead to a reduction in the Reserve.

Also noteworthy is the fact that, with the repayment of the ISB on 27th July 2021, most of the Government's foreign debt service obligations for 2021 would have been repaid, allowing the country to replenish its reserves during the remainder of the year.

Since the current Forex Reserve balance is at around USD 3 billion after the payment of the ISB of USD 1 billion on 27th July 2021, the available reserves within the next few months would be over USD 7 billion, when considering the expected inflows and outflows.

MarketResearch, SAGA and samaritan like this post

https://www.srilankachronicle.com
Share this post on: reddit

All above are temporary measures

We have to earn foreign exchange through hard work Foreign employment,

Tourism and exports

J-CAT and dayandacool like this post

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum