During the past 10 months the Central Bank has been successful in amassing the gold reserves to 21 metric tons of gold. This is a huge
increase from the gold reserves the Central Bank held in vaults a few years ago. The Senior Deputy Governor of the Central Bank, Mr. Dharma Dheerasinghe has said there was a trend showing an escalation of gold prices in the world market on a daily basis, and at such a time the success of the Central Bank in raising its gold deposits was an indication of the country’s economic strength. He has also said that the Central Bank at no time will barter the gold deposits in a way that would be disadvantageous or unprofitable to the country
Mr. Dheerasinghe has further said that while succeeding in expanding its gold reserve base the Central Bank has also been able to earn Rs 10 billion from its overseas investments – a special feature being that what the CB had earned from its overseas investments for the
whole of last year was equalled in January alone this year. He has said they expect to earn over Rs. 20 billion from overseas investments
by the end of this year. (niz)
Courtesy: Government Information Department
