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Sri Lanka central bank to continue dollar purchases in January
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Sri Lanka central bank to continue dollar purchases in January
ECONOMYNEXT – Sri Lanka’s Central Bank will continue its dollar purchasing from the market in January after acquiring the US currency for the past few months straight, Governor Nandalal Weerasinghe said. The Central Bank has been buying dollars to build up foreign exchange reserves with an aim to meet targets set by the International Monetary Fund (IMF) under its 3 billion dollar External Fund Facility (EFF). It has bought a net 2 billion US dol…
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