Current account switches ‘jumped by 43% annually in first quarter of 2026’

Current account switches ‘jumped by 43% annually in first quarter of 2026’

High levels of activity are expected to continue as interest rates creep back up, the Current Account Switch Service said.

External Sector Performance - March 2026 | Central Bank of Sri Lanka

The external current account recorded a marginal surplus in March 2026, mainly supported by higher workers’ remittances and a lower primary income deficit, despite a widening of the trade deficit and a moderation in the services surplus compared to a year earlier. The cumulative current account surplus reached US$ 531 million during the first quarter of 2026. The merchandise trade deficit widened in March 2026, reflecting stronger growth in impo…