The Central Bank of Sri Lanka (CBSL) has announced a substantial increase in the country's Official Reserve Assets, reaching USD 4.4 billion in December 2023. This noteworthy surge reflects a remarkable uptick of 23.2% from the preceding month, where the reserves were recorded at USD 3.57 billion in November 2023.

The surge in Official Reserve Assets is seen as a positive indicator for Sri Lanka's economic resilience and stability, especially in the context of global economic uncertainties and challenges. The significant month-on-month increase signals effective financial management and strategic measures undertaken by the Central Bank to bolster the country's foreign exchange reserves.

The Official Reserve Assets play a crucial role in maintaining the external stability of a nation, serving as a buffer against external shocks and ensuring confidence in the country's monetary and economic policies.