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Cabraal : No need to worry about Negative Foreign Assets

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COLOMBO (News 1st); Central Bank data reveals that the net-foreign assets position of the Central Bank turned negative in August this year.As of the end of August this year, the Central Bank reported a deficit of Rs.

83.9 Billion in its net- foreign asset position, which is equivalent to approximately 400 Million US Dollars.The net foreign asset position of the central bank has been on the declining trend for the past several months.The foreign assets deficit reported at the end of August is a significant drop compared to the year opening surplus of 2.1 Billion US Dollars.The net- foreign assets position of the country’s banking system also deteriorated further during the month of August to a deficit of 3.5 Billion US Dollars, from a.

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