Sri Lanka’s gross foreign reserves fell to $5.54 billion, the lowest levels seen since April 2017.
Amidst, COVID-19 infused crisis, the foreign exchange flows through exports and tourism declined to the country while the existing reserves were utilized for foreign debt settlements including a $1 billion ISB settlement in October.
In November, the country’s gross foreign reserve fell to 5.549 billion from $5.855 billion in October.
The Previous lowest reserve level was recorded in April 2017 at $ 5.045 billion.