Sri Lankan Central Bank Amasses $8.78 Billion via Interbank Purchase to Strengthen Forex Reserves

In a pivotal stride to reinforce its foreign‑exchange reserves, the Sri Lankan Monetary Authority (SMA) has secured $8.78 billion from the interbank market over the past 12 months. This large‑scale acquisition, spread across multiple transactions, reflects the central bank’s proactive effort to stabilize the rupee, support trade flows, and mitigate external market pressures. The move has been closely monitored by market participants and regulators worldwide as part of a broader strategy to ensure financial stability.

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