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Monday June 3rd, 2024
Monetary

Sri Lanka remittances down 42-pct in June 2022 in non-credible peg

Non-credible peg imposed in May

July 11, 2022 1 min read

Sri Lanka needs political stability, fiscal measures for IMF deal: CBSL union

Hopes new administration will not block IMF deal

July 11, 2022 2 min read

IMF hopes for Sri Lanka political crisis resolution to resume deal talks

President Rajapaksa, Prime Minister Wickremesinghe to resign

July 10, 2022 2 min read

Sri Lanka hikes interest rates 100bp amid galloping inflation

Urges budget deficit and SOE losses to be contained to stop printing money

July 7, 2022 3 min read
No second chance to save Sri Lanka: central bank chief warns

"As the head of the Monetary Policy Committee at the time, as the senior deputy governor, I always raised concerns.'

Sri Lanka meets IMF quantitative targets for June, revenues lower: CB Governor

All the targets have been met, except the revenue target is below

Sri Lanka prints 505 billion rupees in 2020, bank borrowings top 11-pct of GDP

Borrowings from Sri Lanka's banking system after a tax cut at the beginning of the year and a Coronavirus pandemic had r...

February 2, 2021 2 min read

Sri Lanka 12-month inflation down in January 2021, prices up in month

Sri Lanka's 12-month consumer inflation rose 3.0 percent in January 2021 from a year earlier in the capital Colombo, slo...

January 30, 2021 1 min read

Sri Lanka exporters should convert, rupee worth 185 to dollar: Minister Cabraal

Sri Lanka's rupee should be around 185 to the US dollar State Minister for Money and Capital Markets Nivard Cabraal has ...

Imesh Ranasinghe
January 29, 2021 5 min read

Sri Lanka to issue new orders under foreign exchange law

Sri Lanka will change several orders and regulations issued under the country's exchange control law, involving capital ...

January 29, 2021 1 min read

Sri Lanka closes forward forex market

Sri Lanka has barred commercial banks from selling or buying foreign exchange for three months as the currency came unde...

January 25, 2021 2 min read

Sri Lanka excess liquidity down in Rs100bn correction

Excess liquidity in Sri Lanka's money markets, which was driven up to around 20 percent of reserve money under modern mo...

January 25, 2021 5 min read

Sri Lanka excess liquidity drops ahead of dollar bond repayment

Sri Lanka's excess liquidity in money markets, generated mostly from unprecedented money printing triggering forex short...

January 21, 2021 1 min read

Sri Lanka forex support on 'non-interventionist' basis, no IMF talks yet: CB Governor

Sri Lanka is seeking foreign exchange support from partners who willing to help on a 'non-interventionist' basis and ne...

January 20, 2021 2 min read

Sri Lanka China RMB swap may come in weeks, India in the works: Central Bank

A 10 billion yuan swap (about 1.5 billion US dollars) with the People's Bank of China could be concluded as early as two...

January 19, 2021 1 min read

Sri Lanka central bank keeps policy loose amid negative forward fx premiums

Sri Lanka's central bank said it was holding its policy corridor at the current 4.5 to 5.5 percent amid negative forward...

January 19, 2021 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka central bank swaps surge, forward premiums negative in MMT

Sri Lanka's central bank swap transactions with market participants and others to borrow reserves have surged in 2020, o...

January 12, 2021 2 min read

Sri Lanka central bank forex interventions turn negative in November

Interventions in Sri Lanka's foreign exchange market by the central bank to maintain a soft-pegged exchange rate regime ...

January 11, 2021 2 min read

Sri Lanka swap with Peoples's Bank of China in advanced stage: Minister Cabraal

A 10 billion yuan (about 1.5 billion US dollar) swap line for Sri Lanka's central bank with the People's Bank of China a...

January 8, 2021 1 min read

Sri Lanka extends new exchange controls till July 02, 2021

Sri Lanka has extended exchange controls introduced after a steep fall in the currency around March and April 2020, in t...

January 5, 2021 3 min read

Sri Lanka import controls 'essential', open economy to be reviewed: CB Governor

Sri Lanka's import controls on so-called 'non-essential' goods are essential to stop foreign exchange 'leakages' Central...

January 5, 2021 3 min read
1

Sri Lanka to issue a 2000 rupee banknote again

A new 2000 Sri Lanka rupee banknote will be introduced in 2021 with improved security features, as part of the existing...

Chanka Jayasinghe
January 4, 2021 2 min read
1

Sri Lanka inflation reaches 4.2-pct by end 2020

Sri Lanka's central bank has generated inflation of 4.2 percent in the 12-months 2020 as measured by the Colombo Consume...

December 31, 2020 1 min read

Sri Lanka 7-pct mortgage loans for houses, land, apartments, renovation

Mortgage loans at a state mandated 7 percent rate given to salaries workers could be used to build houses, purchase a la...

December 26, 2020 6 min read

Vietnam monetary policy for stability not trade PM tells Trump after false US charges of Dong 'manip...

Vietnam Prime Minister Nguyen Xuan Phuc has explained State Bank of Vietnam (central bank) monetary policy in a telephon...

December 24, 2020 4 min read

Sri Lanka rupee weakens to new recent low amid money printing

Sri Lanka's rupee weakened to new lows with the US dollar quoted around 190.50 to 191.00 levels in the spot next market ...

December 24, 2020 5 min read