Sri Lanka, March 12 -- The Central Bank has continued its foreign currency buying spree for the fourth consecutive year running, as they ended up being the net absorber of foreign currency in February 2025, extending from January.
The data showed that the Central Bank had collected US$ 78.3 million in foreign currency from the domestic foreign exchange market in February but ended up with net purchases of US$ 70.3 million for the month due to little sales of about US$ 8.0 million which appears to have been made to support the currency.
For the two months through February 2025, the Central Bank had purchased US$ 82.6 million on a net basis, with January's Rs.12.3 million net absorption.
The Central Bank has said they intend to purchase a...