Foreign investors buy US$570mn dollars of Sri Lanka stocks, bonds
ECONOMYNEXT – Sri Lanka’s government bond and stock markets have seen 572 million US dollars flow in up to December 26, 2017, the central bank said.
Foreign investors had bought 452.1 million US dollars of government bonds and 120.1 million US dollars of stocks.
In 2015 Sri Lanka experienced capital flight as the central bank printed money to worsen a credit bubble leading to a currency collapse.
Sri Lanka is expecting to end the year with foreign reserves of 7.8 billion dollars, central bank officials said. (Colombo/Dec27/2017)