Sri Lanka bank net foreign assets turn positive: analysis
Net foreign assets of Sri Lanka's commercial banks have turned positive in the first quarter of 2023 official data show, as banks paid down foreign credit lines.
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Net foreign assets of Sri Lanka's commercial banks have turned positive in the first quarter of 2023 official data show, as banks paid down foreign credit lines.
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Sri Lanka government and government guaranteed domestic currency debt broadly considered in debt review has shrunk by a 19.6 billion US dollar equivalent as the economy inflated in the worst currency crisis in the history of the island's intermediate regime central bank.