Sri Lanka to buy US$2.5bn for fx reserves till next June under IMF deal
- CNL Reporter
- July 17, 2025
- Political
- IMF
- 0 Comments
Sri Lanka has undertaken to buy around 2.5 billion US dollars from forex markets over the next 11 months under an International Monetary Fund program to build foreign reserves.
“We are gradually rebuilding gross international reserves including through outright FX purchases in the market, supported by a non-interest current account surplus, new external financing and other non-debt creating inflows, and sovereign debt relief,” IMF program documents said.
Sri Lanka would buy 2.65 billion US dollars between November 2024 and December 2025 and 1.3 billion up to June 2026, program documents said.
From November 2024 to May 2025, the central bank had bought 1.34 billion US dollars on a net basis, which is around the level required to meet the target.
