Sri Lanka’s official reserve assets has recorded a marginal drop by 0.9% to USD 5.42 billion in May 2024 compared to USD 5.47 billion in April 2024, according to the Central Bank of Sri Lanka (CBSL). However, this includes proceeds from the swap with People’s Bank of China (PBoC) equivalent to around USD 1.4 billion, which is subject to conditionalities on usability.
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