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Wednesday December 8th, 2021

Sri Lanka dollar salary earners protest as banks force convert forex

I was told my entire salary would be converted against my wishes

9 min read

Sri Lanka forex reserves down to US$1.6bn in November

Forex reserves are now about one month of imports

9 min read

Sri Lanka debt re-structuring: opinion divided among think tanks

Agreement that an outright default is damaging

9 min read

Sri Lanka Port City to allow crypto currency trading, no rupee tokens

There are a few checks and balances in this plan

9 min read

Sri Lanka monetary instability blamed on lack of industrialization

That money printing causes inflation is no longer 'fashionable'.

Sri Lanka does not need to go on bended knees to outside agency over debt: Cabraal

Debt being re-structured through mutliple means

Sri Lanka needs IMF, debt restructuring, CB should not subordinate core objective: Coomaraswamy

The central bank's role as the agency for public debt should not be subordinated to its core objectives

1 min read

Sri Lanka may raise rates 150bp in 2022, external caution: SCB Economist

External weakness, deficits weigh

2 min read

Sri Lanka central bank foreign debt exceeds reserves by US$1.2bn

The central bank owes the IMF on past loans and also a negative SDR allocation

2 min read

Sri Lanka rupee already depreciated, no bidding war with Hawala: CB Governor

We do not want to get into an auction sale with Hawala people

3 min read

Sri Lanka unleashes money laundering unit, police, on unofficial remittances

Last mile Hawala deliveries to be tracked if made through the banking system

2 min read

Sri Lanka CB starts outright bill sales sans spot rupee market

Reverse repo operations continue to climb

2 min read

Sri Lanka gets 7 responses to securitize remittance surrenders

These responses are being reviewed to determine the most suited modality

2 min read

Sri Lanka to freeze bank accounts linked to informal remittance amid forex crisis

Rs 10 rupee extra given by CB in December in official multiple exchange rate

1 min read

Sri Lanka central bank to pay Rs10 extra per dollar for worker remittances

Only 2 rupees extra were paid earlier

1 min read

Fed to end injections sooner, ‘retire’ transitory, Powell says as inflation rages in Sri Lanka

I think it is a good time to retire that word (transitory) and explain more clearly what we mean

4 min read

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Latest Last
US Dollar 201.5945 200.0100
UK Pound 267.1631 265.4633
Euro 227.5296 225.7213
Aus Dollar 143.8175 140.8970
Yen 1.7758 1.7618
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6742 2.6528
Korea Won 0.1715 0.1693
Oman Rial 523.6153 519.4997
Saudi Riyal 53.7385 53.3161
UAE Dirham 54.8840 54.4526
Source: Central Bank/Indicative
pts %
S&P SL20 3,964.42 0.44%
CSE All Share 11,088.17 0.49%
Turnover Rs million. 2,191,558,044.10 6,019,817,831
Source: CSE
Latest Last
3-m bill 7.33 7.56
6-m bill 7.77 7.91
12-m bill 8.15 8.25
5-yr bond 10.61 10.56
8-yr bond 11.27 11.21
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.93 5.99
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka inflation hits 12-year high in Nov 2021 amid money printing

Food prices have risen 34-pct since the current bout of inflationary policy began

2 min read

Sri Lanka CB chief sees negative fallouts from IMF deal

Sharply higher rates and a currency fall

3 min read

Sri Lanka central bank blames usual suspects for inflation after printing money

Food prices have been surging amid trade restrictions

5 min read

Sri Lanka targets US$3.5bn forex reserves by end 2021

There will be no default: CB Governor says

2 min read

Sri Lanka to crack down on Hawala remittances

We have been collecting information on these activities

1 min read

IMF mission in Sri Lanka for Article IV discussions, no program request

The Article IV team will be in Sri Lanka from December 7 to 20.

1 min read

Sri Lanka keeps rates at 6.0-pct amid high inflation, forex trouble

Inflation is transitory

6 min read

Sri Lanka national inflation surges to a 4-year high after money printing

Since inflationary policy began from around August 2019, the food index had risen 28.5-pct

2 min read

Sri Lanka central bank appoints four assistant governors

Appointments are effective from November 17

7 min read

Sri Lanka closes oil refinery amid money printing, forex shortages

We made this decision to manage limited foreign exchange to import essential foods

4 min read

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