Central Bank says, the demand management measures introduced in early 2012, which resulted in imports falling substantially, helped the cause.
According to the Bank, with the improvement in the trade balance, together with other inflow the Balance of Payments has recorded a surplus of US$ 305.9 million by August, thus helping to raise the foreign reserves.
Along with the drop in imports, the country’s exports too have decelerated during the last six months.
http://www.news360.lk/economy/news-forex-sri-lanka%E2%80%99s-23-10-2012-foreign-reserves-stand-at-us-7-bln-789605