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Sri Lanka must build foreign reserves during stable periods, says Central Bank Governor
Sri Lanka must build its foreign reserve buffers during favourable periods to prepare for future economic shocks and growing geopolitica
Summary
Nandalal Weerasinghe has warned. Weerasinghe noted that while central banks are examining concentration risks, the US dollar remains dominant due to market depth, emphasizing that liquidity must take precedence over diversification. He added that while artificial intelligence can enhance forecasting and market monitoring, human judgement and responsibility must remain central to reserve management.
What this story is about
People
- Nandalal Weerasinghe9
- Dr4
- P. Nandalal Weerasinghe
- Sanath Nanayakkare
- Domenico Nardelli
- Dr.Weerasinghe
Organisations
- Central Bank of Sri Lanka9
- Reserve Bank of India2
- Central banks2
- Central Bank Central Bank
- US Treasuries.Nardelli
- Silicon Valley Bank
Places
- Sri Lanka9
- Colombo7
- United States3
- Asia2
- Colombo.Foreign
Keywords
- reserves7
- governor6
- build6
- buffers5
- must3
- accumulation2
- geopolitical2
- managers2
- cannot2
- urges2
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
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8 newsrooms have reported this story
Adequate reserves not a luxury, essential for macroeconomic stability - CBSL GovernorAda Derana
Build reserves while times are good, Central Bank Governor urgesNewsWire English
Sri Lanka cannot build reserves at any cost, must prepare for shocks: Central bankHiru News - English
Sri Lanka cannot wait for next crisis to build reserves: Central BankDaily Mirror
Build buffers before the storm, Central Bank Governor tells reserve managersLanka Business Online