Sri Lanka’s central bank picks SimCorp to manage reserves

Sri Lanka's capital, Colombo

The Central Bank of Sri Lanka has chosen a platform developed by software firm SimCorp to manage the country’s official reserves.

In a statement, the company announced the central bank would be using its front-to-back investment platform – SimCorp Dimension.

According to data from the central bank, gross official reserves stood at $6.69 billion at the end of June, equivalent to 4.5 months of imports. Since the start of the year, the level of reserves has fallen by almost $1 billion.

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