Daily News - 11/02/2014
Sri Lanka's external sector strengthened further with continued inflows to both the Current Account and the Financial Account of the Balance of Payments (BOP)in December 2013.These inflows resulted in a significant increase in the overall balance as at end December 2013, the Central Bank said yesterday.
Earnings from exports recorded an increase, while a notable reduction in imports was witnessed during the month, considerably reducing the trade deficit. Inflows on account of workers’ remittances and tourist earnings also recorded the highest values during a month, while inflows to the Financial Account increased moderately during December, the Bank said yesterday.
Sri Lanka's external sector strengthened further with continued inflows to both the Current Account and the Financial Account of the Balance of Payments (BOP)in December 2013.These inflows resulted in a significant increase in the overall balance as at end December 2013, the Central Bank said yesterday.
Earnings from exports recorded an increase, while a notable reduction in imports was witnessed during the month, considerably reducing the trade deficit. Inflows on account of workers’ remittances and tourist earnings also recorded the highest values during a month, while inflows to the Financial Account increased moderately during December, the Bank said yesterday.