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Monday June 3rd, 2024
Monetary

Sri Lanka has to stop money printing now, not in 2024: Harsha

PM says monetary financing will be ended only in early 2024

July 6, 2022 6 min read

Sri Lanka fast on Korea path, interventionists get their malnutrition wish: Bellwether

As protein prices soared with money printing and currency collapse, Koreans developed army base stew from leftovers

July 4, 2022 11 min read

Sri Lanka promises guaranteed fuel for companies on dollarized sales

Fuel will be issued on a daily or weekly basis from the 12th

July 4, 2022 2 min read

Sri Lanka central bank Governor Weerasinghe re-appointed

The new term will take effect from July 04,

July 1, 2022 1 min read
Sri Lanka cuts policy rates 200bp

Asks banks to lower lending rates

Sri Lanka inflation falls to 12-pct in June 2023 amid rupee gain

The CCPI index has grown only 1.5-pct from September to March

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
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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
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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
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 forex purchases decline as credit picks up

Sri Lanka's central bank bought 7.4 million dollars from forex markets in November and sold 5.0 million dollars to maint...

December 23, 2020 2 min read

Sri Lanka national inflation at 5.2-pct in November 2020

Sri Lanka's nation-wide inflation measured by the National Consumer Price Index, slowed to 5.2 percent in November 2020 ...

December 22, 2020 1 min read

Yvette Fernando, Dhammika Nanayakkara appointed Sri Lanka central bank Deputy Governors

Sri Lanka's Central Bank said T M J Y P Fernando and N W G R D Nanayakkara have been appointed Deputy Governors with eff...

December 18, 2020 2 min read

Sri Lanka economic conditions does not require IMF bailout: Minister Cabraal

Current economic conditions in Sri Lanka does not require an International Monetary Fund bailout, State Minister for Mon...

December 17, 2020 2 min read

Sri Lanka BOP deficit tops US$2.0bn by October, imports exports slows

Sri Lanka's exports fell 13.2 percent in October 2020 from a year earlier, imports fell 24.9 percent and the balance of ...

December 15, 2020 3 min read

Sri Lanka import substitution, neo-liberalism, Raul Prebisch in focus

Sri Lanka's budget for 2021 based on import substitution and state driven industrialization strategies of Latin America...

December 15, 2020 7 min read

Sri Lanka forex forwards upside down amid money printing, downgrades

Sri Lanka's forward foreign exchange rates have inverted as money printing pushed down rupee interest rates and sovereig...

December 14, 2020 5 min read

Sri Lanka foreign reserves fall to US$5,549mn in November 2020

Sri Lanka's forex reserves fell by 306.4 million US dollars to 5,549.3 million US dollars November 2020 from 5,855.7 mil...

December 12, 2020 3 min read
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Sri Lanka prints Rs50bn more, excess liquidity tops Rs230bn

Sri Lanka has monetized 50 billion rupees of debt taking on excess liquidity in money markets 235 billion rupees in the ...

December 4, 2020 4 min read

Sri Lanka Central Bank Governor W D Lakshman speaks at Chamber forum - full text

Governor of Sri Lanka's Central Bank W D Lakshman spoke at the Sri Lanka Economic Summit 2021 on December 01, 2020.

December 2, 2020 12 min read
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