Sri Lanka has maintained its official reserves at US$ 2.31 billion (USD 2,314 million) in February, the Central Bank announced.
Out of this sum, US$ 98 million were gold reserves. The Central Bank on Monday announced that greater flexibility in the exchange rate would be allowed with immediate effect. It expects that forex transactions would take place at levels not more than Rs.230 per US$.
“The Central Bank will continue to closely monitor the developments in the domestic foreign exchange market and make appropriate policy adjustments accordingly,” it said.