Srilanka, Sept. 27 -- Says target not on the Gross Official Reserves but on Net International Reserves Asserts Sri Lanka well ahead of the target in NIR levels Points out Sri Lanka has so far purchased US$ 1.78bn out of US$ 2.65bn ought to be collected between Nov.2024 and Dec.2025 Cites debt servicing as main reason for slow gross reserve accumulation so far this year The Central Bank set the record straight this week on where they have to end up in the external reserves by the end of the year as reports circulating are carrying various numbers claiming what the Central Bank has to have by the year-end as part of the country's agreement with the International Monetary Fund (IMF).

Speaking at a media briefing this week, Central Bank Gove...