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Monday June 3rd, 2024
Monetary

IMF slashes global growth after monetary stimulus as Sri Lanka reels

Global un-employment set to rise

July 27, 2022 5 min read

Sri Lanka national inflation gallops to 58.9-pct to June 2022

Food prices up 75.8-pct over year and 118.6-pct since inflationary policy began in current cycle

July 22, 2022 2 min read

Sri Lanka continues monetary financing of imports, pegging after 'running out' of reserves

Central bank gets ACU dollars to peg and also force purchase dollars through a surrender rule to prevent a float

July 19, 2022 4 min read

Sri Lanka bank negative NOPs reducing, flexibility given: CB

Many banks NOPs negative in worst soft-peg

July 18, 2022 2 min read
Sri Lanka central bank to change its pension funds policy

The central bank operates multiple funds

Sri Lanka forex reserves drop in June 2023 after flexible panic

In June the central bank had to intervene and us moral suasion to stop a flexible exchange panic

Sri Lanka forex interventions rise to US$72mn amid credit pick-up in Jan 21

Sri Lanka forex market interventions to defend a soft-peg with the US dollar had picked up to 72.25 million dollars in J...

February 19, 2021 5 min read

Sri Lanka posts record US$2.32bn BOP deficit in 2020 with MMT

Sri Lanka has posted a 2.3 billion US dollar balance of payments deficit in 2020, down from a surplus of 377 million dol...

February 16, 2021 6 min read

Sri Lanka import controls to continue as long as BOP dictates: CB Governor

Sri Lanka will continue import controls as long as balance of payments problems persist, under an 'alternative' economic...

February 15, 2021 3 min read

Sri Lanka records current account surplus in 3Q 2020, 2021 expected: CB Governor

Sri Lanka had recorded a surplus in the external current account in the third quarter of 2020 and is expecting a margina...

February 15, 2021 5 min read

Sri Lanka in talks for US$4-5bn pipeline of swaps, credits except IMF: Central Bank

Sri Lanka is in talks for up to 5 billion US dollars of funding through swaps and loans outside of a program with the In...

February 14, 2021 3 min read

Sri Lanka forex reserves slip to US$4.8bn in January 2021

Sri Lanka's gross official reserves were at 4.8 billion US dollars in by end January 2021 Central Bank Governor W D Laks...

February 12, 2021 2 min read

Sri Lanka import controls misguided; doesn’t solve the real problem: Eran

Sri Lanka's import controls which has left the economy mired in a plethora of regulations does not solve underlying econ...

February 11, 2021 3 min read
2

Ethiopia in debt restructuring, downgrade after printing money, despite low deficit

Ethiopia had been downgraded to 'CCC' from 'B' by Fitch Ratings after it applied for 'Paris Club' debt relief having pri...

February 11, 2021 4 min read
1

Sri Lanka should consider an IMF deal, pre-emptive debt re-profiling: Pathfinder

Sri Lanka should consider an agreement with the International Monetary Fund and pre-emptive extensions of capital and i...

February 8, 2021 4 min read

Sri Lanka repays US$400mn India swap, extension requires IMF deal

Sri Lanka has repaid a 400 million US dollar swap line from the Reserve Bank of India after six months, as an agreement ...

February 5, 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 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