‘s Gross Official Reserves Surpasses USD 6.8 Bn in Dec 2025, Highest Level Since Crisis

The Central Bank has announced that Gross Official Reserves (GOR) surged to over US dollars 6.8 billion by the end of 2025, marking the highest level of reserves recorded since the economic crisis.

This was largely supported by US dollars 2.0 billion in net foreign exchange purchases made by the Central Bank (on value date basis) from the domestic foreign exchange market, along with some proceeds from multilateral agencies. Substantial net foreign exchange purchases in 2025, followed net purchases made by the Central Bank from the domestic foreign exchange market, in 2023 and 2024 amounting to US dollars 1.7 billion and US dollars 2.8 billion, respectively.

The achievement is particularly significant as it was reached despite “challenging conditions,” including the government’s external debt servicing obligations—which were met without corresponding inflows—and a rise in demand for foreign exchange due to vehicle imports.

“The external current account is estimated to have registered a surplus for the third consecutive year,” Central Bank’s policy agenda for 2026 revealed. “As a result, the market-determined exchange rate remained less volatile and reported a gradual depreciation during the year.”

The Central Bank said it remains committed to building reserves through market purchases in order to meet the country’s reserve adequacy requirements while allowing exchange rate flexibility.