On the 22nd of March, the value of the rupee strengthened against the dollar following the receipt of the IMF credit facility, resulting in a decrease in the price of a gold sovereign by approximately 10,000 rupees. Jewellery store owners located in Sea Street, Colombo, reported that the price of a 24 carat gold sovereign dropped to Rs.165,000, while the price of a 22 carat gold sovereign was Rs.151,250. As per the Central Bank of Sri Lanka, the selling price of one dollar on the same day was 330.16 rupees, while the buying price of one dollar was recorded at 312.31 rupees.