The Central Bank of Sri Lanka says the merchandise trade deficit narrowed to US$ 495 million in the month of September, compared to US$ 525 million in September 2020.
The Central Bank said earnings from exports continued to record values in excess of US$ 1 billion for the fourth consecutive month in 2021 while import expenditure remained at almost the same level as in September 2020.
It said the tourist arrivals continued the growth momentum with a notable increase over the previous month.
The Central Bank in a statement noted that the financial account of the balance of payments strengthened during September with the receipt of the proceeds of the syndicated loan facility from the China Development Bank (CDB) and remaining proceeds of the bilateral currency swap arrangement between Sri Lanka and Bangladesh.
It also added the weighted average spot exchange rate in the interbank market appreciated and stabilised during the month of September.