Sri Lanka forex markets stabilizing, bought dollars Monday: Central Bank

ECONOMYNEXT – Sri Lanka’s central bank bought four million dollars in forex markets Monday and markets have begun to stabilize, officials said.

A number of measures have been taken to stabilize the rupee, which will continue to bring results in the future, Governor Indrajit Coomaraswamy said.

Sri Lanka’s net interventions in forex markets are 184 million US dollars so far this year, he said.

Deputy Central Bank Governor Nandalal Weerasinghe said four million dollars had been bought from forex markets Monday.

Emergency controls on some imports are temporary, and could be taken away or added to in the future, he said. (Colombo/Oct02/2018)

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