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info. to all you know 🤔

can’t change the past, but we are still going with most of the foreign reserves! 😕
As a country we need regain however, If not we aren’t 🙁

to Reuters

Sri Lanka sees forex reserves exceeding $4 billion after fresh funding

The country of 22 million people is recovering from its worst financial crisis, which sent the economy into freefall last year with soaring inflation, currency depreciation and low foreign reserves.

Sri Lanka's official reserves stood at $3.58 billion as of November, according to the central bank. About $1.5 billion of the reserves is a Chinese yuan-denominated swap.

The IMF earlier this month cleared the first review of Sri Lanka's $2.9 billion bailout, providing about $337 million in funds.

The World Bank said on Wednesday it had released a second tranche of $250 million to support economic reforms in Sri Lanka.

Reporting by Uditha Jayasinghe and Kanjyik Ghosh; Writing by Kanjyik Ghosh; Editing by Andrew Heavens

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