Sri Lanka Rupee’s appreciation by around seven per cent since January 2024 has resulted in a reduction in foreign debt by Rs. 0.25 trillion, or Rs. 250,000 million, said professor of economics at Wayamba University Aminda Methsila Perera.
By April, the country’s total repayable debt stands at Rs. eight trillion.
Of that, Rs. 3.65 trillion, or 45 pc, is foreign borrowings.
A seven pc reduction brings down that figure to Rs. 3.4 trillion.
This will improve further in the event the SLR continues to appreciate, he said.
The US dollar that stood at Rs. 360 was at Rs. 300 in April.
