Sri Lanka, Jan. 19 -- Sri Lanka's gross official reserves were estimated at US dollars 5.7 billion at the end of 2020, with an import cover of 4.3 months, the Central Bank said continuing its accommodative monetary policy stance.
The trade deficit is expected to have narrowed by over US dollars 2.0 billion in 2020 in comparison to the previous year.
Workers' remittances have grown by 5.8 percent to US dollars 7.1 billion in 2020, with a historic high level of remittance receipts in December 2020.
Meanwhile, the headline inflation, based on the Colombo Consumer Price Index (CCPI), remained mostly within the targeted range of 4-6 per cent during 2020.
With the pandemic induced weak global and domestic economic conditions, inflation is exp...