Sri Lanka’s Central Bank says foreign investments in government bonds and stocks are US$ 572 million
The Central Bank of Sri Lanka has states that the government’s bond and stock markets have seen US$ 572 million flow in up to December 26th this year.
The Bank has stated that foreign investors had bought US$ 452.1 million of government bonds and US$ 120.1 million of stocks.
In 2015, Sri Lanka reportedly experienced capital flight as the Central Bank had printed money to worsen a credit bubble leading to a currency collapse.
According to reports quoting Central Bank officials, Sri Lanka is expecting to end the year with foreign reserves of US$ 7.8 billion.
OSL take:
The statement by the Central Bank that foreign investors had bought US$ 452.1 million of government bonds and US$ 120.1 million of stocks from the beginning of the year till December 26th this year, indicates a growth in foreign investments in the country. It is a positive sign on the increasing confidence in the country’s economy where foreign investors are concerned. Therefore, foreign investors could look at investing more in government bonds and stocks in the next few months.
| Article Code : | VBS/AT/31122017/Z_4 |