An Echelon Media Company
Sunday September 24th, 2023

Sri Lanka central bank converts provisional advances to bills, bills to bonds in DDR

CB gets Rs220bn in bills, 2.49 in bonds

September 22, 2023 2 min read

Sri Lanka central bank's new Governing Board meets

Ravi Rathnayake, Anuska Wijesinghe, new members

September 22, 2023 1 min read

Sri Lanka debt to GDP ratio down to 106-pct of GDP in June 2023 - Corrected

The exchange rate has depreciated somewhat since June

September 18, 2023 2 min read

Sri Lanka central bank sells $467mn in August

Net purchases negative for the third month

September 17, 2023 4 min read
Sri Lanka's controversial new central bank law certified by speaker

With IMF reserve targets it is not possible to operate a clean floating exchange rate

Sri Lanka remittances up 53-pct to US$499mn in August

The August number is slightly lower than 541 million US dollars in July

Sri Lanka forex reserves down US$164mn in Aug

Sri Lanka has repaid a swap to Bangladesh

September 8, 2023 2 min read

Sri Lanka has room to cut rates as inflation falls: CB Governor

Sri Lanka 12-month inflation is already below 5 percent.

September 5, 2023 1 min read

Bangladesh economists crack monetary failure, Sri Lanka stability from free market rates

In that situation, in that crisis mode, they used their interest rate

September 3, 2023 7 min read

Sri Lanka BOP surplus in July 2023 as exports fall 12-pct, imports up 8-pct

The central bank has operated broadly deflationary open market operations

September 1, 2023 2 min read

Sri Lanka inflation at 4.0-pct in August 2023 as some prices fall

Food prices down over 12-months

August 31, 2023 1 min read

Sri Lanka's central bank makes more than Rs500bn in profits to June 2023: analysis

Profits go by approximately Rs575bn rupees in six months

August 28, 2023 5 min read

Sri Lanka banks ordered to cut loans rates by 250bp in price control

The price controls shall apply to existing and new rupee loans.

August 26, 2023 1 min read

Sri Lanka private sector credit down on declining rate hope – CB chief

Market lending rates are still high despite the central bank's rate reduction

August 25, 2023 2 min read

Bangladesh expects Sri Lanka to repay US$200mn swap by September: report

Bangladesh expects the next installment within two weeks, the newspaper said.

Nethmi Rajawasam
August 22, 2023 2 min read

Foreign investors cut Sri Lanka rupee bond holdings


August 22, 2023 3 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 330.2942 315.1016
UK Pound 429.0139 401.1871
Euro 372.1704 343.1959
Aus Dollar 227.2526 211.5951
Yen 2.3820 2.1908
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 sells dollars for second month after volatility

In July the central bank sold 41.5 million US dollars to banks after buying 29 million dollars

August 17, 2023 3 min read

Sri Lanka Treasuries yields plunge with SRR money

The market is still short

August 16, 2023 1 min read

IMF team in Sri Lanka from Sept 14-27 for first EFF review

Sri Lanka has met many targets

August 16, 2023 2 min read

Argentina's pro-dollarization Milei leads Presidential primaries

And is it easy. I'm not to blame for the intellectual limitations of the economists from Juntos por el Cambi.

August 15, 2023 5 min read

Sri Lanka central bank surprises markets with 200 bps SRR cut 

The central bank has been on a dovish monetary policy stance as the inflation was falling faster than expected

August 9, 2023 2 min read

Sri Lanka forex reserves rise 1-pct in July

Sri Lanka's forex reserves have grown steadily from 1,705 million US dollars in October

August 8, 2023 2 min read

Sri Lanka rupee volatility by banks covering positions, speculation

Now those uncertainties have been allayed to a great extent

August 4, 2023 2 min read

Sri Lanka rupee monopoly to remain, no INR for local circulation

The legal tender in Sri Lanka for domestic payments and settlements will remain as Sri Lanka Rupees

August 2, 2023 5 min read

Sri Lanka inflation to temporarily fall below single digits: monetary report

From September 2022 to July 2023, the central bank has created only 0.47 percent inflation

July 31, 2023 2 min read

Sri Lanka imports up 11.6-pct in June, exports down 19.5-pct, BOP in surplus

Up to June the BOP surplus was 1,958 million dollars

July 31, 2023 2 min read
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