[ Reuters ][ Jul 02 13:20 GMT ]
Sri Lanka's foreign currency reserves have risen by over 23 percent in two months as funds flowed into the country after the end of its long war against the Tamil Tigers, the central bank governor said on Thursday. Sri Lanka in March sought a $1.9 billion International Monetary Fund (IMF) loan to avert a balance of payments crisis, after spending half its reserves defending the rupee and paying foreign investors who sold off treasury securities after the global downturn.
Thursday, July 2, 2009
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