The Sri Lankan rupee appreciated by 3.0% against the US dollar during the year up to 20 August 2019, latest External Sector Performance report of the Central Bank of Sri Lanka outlines. Reflecting the cross-currency movements, the rupee also appreciated against other major currencies except for the Japanese yen during this period. 
According to Central Bank latest statistics, as at end June 2019, Sri Lanka’s gross official reserves were estimated at US dollars 8.9 billion, equivalent to 5.2 months of imports. Meanwhile, total foreign assets, which consist of gross official reserves and foreign assets of the banking sector, were US dollars 11.5 billion as at end June 2019, which was equivalent to 6.8 months of imports. Foreign investments in the government securities market recorded a net outflow of US dollars 5 million in June 2019. On a cumulative basis, net outflows in the government securities market amounted to US dollars 96 million during the first half of the year. Foreign investments in the CSE, including primary and secondary market transactions, recorded a net inflow of US dollars 10 million during the month of June 2019. On a cumulative basis, the CSE recorded a net outflow of US dollars 10 million in the first half of 2019, including primary and secondary market transactions. Further, long term loans to the government recorded a net outflow of US dollars 99 million during June 2019.
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