FINANCIAL CHRONICLE – The Central Bank of Sri Lanka will persist in its efforts to purchase US dollars from the market throughout January, following several consecutive months of acquisitions, according to Governor Nandalal Weerasinghe.
The Central Bank’s strategy involves buying dollars to bolster foreign exchange reserves, aiming to meet the targets established by the International Monetary Fund (IMF) under its 3 billion dollar External Fund Facility (EFF). Over the past 12 months, official data indicates that a net total of 2 billion US dollars has been acquired.
“You can observe our market interventions. Even in December, we actively intervened and purchased substantial foreign exchange to enhance our reserves to this level,” Weerasinghe informed reporters on Wednesday (28) following the Central Bank’s announcement of its policy rates, which remain unchanged. “This activity is continuing this month as well.”
The Central Bank’s dollar buying strategy has successfully increased foreign currency reserves to 6.8 billion dollars by the end of 2025. (Colombo/Jan30/2026)
