An Echelon Media Company
Tuesday May 24th, 2022
Monetary

Sri Lanka has tightened monetary policy sufficiently: CB Governor

Inflation likely to stay around 30-40 pct in the near term

May 24, 2022 2 min read

Sri Lanka remittances down 52-pct in April 2022

Money printing triggers excess outflows, forcing the currency down and triggering parallel exchange rates

May 22, 2022 3 min read

Fitch downgrades Sri Lanka bonds to Default, sovereign rating to RD

Cross default clauses triggered

May 20, 2022 6 min read

Sri Lanka IMF discuss macro-fiscal plan, Finance Minister needed for policy sign-off

Debt advisors expected to be appointed by the cabinet soon

May 19, 2022 4 min read
Sri Lanka will control interest rates with OMO, direct bill purchases: CB Governor

In the rupee interest rates we can give central bank financing to the primary market and through open market operations

Sri Lanka to crack down on foreign currency note holders: CB Governor

Note holding ceiling to be brought down from 15,000 to 10,000 dollars

Sri Lanka policy rate unchanged as market rates rise, money printing warnings

Policy undermined by printing money for state workers

May 19, 2022 8 min read

UN and Australia give dignity kits to women and girls in Sri Lanka after soft-peg collapse

The current crisis is having far-reaching implications on the ability of women and girls to live in dignity

May 17, 2022 2 min read

Sri Lanka to buy dollars from the 'free' market for oil ships: Prime Minister

To pay the ships we will take action to buy dollars from the free market

May 17, 2022 2 min read

Sri Lanka has to print money for state salaries, depreciating rupee unwillingly:PM

We have to keep in mind that printing money will depreciate the rupee

May 17, 2022 3 min read

Sri Lanka money printing in 2022 reaches Rs588bn in first quarter

From January 2020 to March 2022, reserve money has grown 49pct, broad money 52-pct and the food price index 51-pct

May 15, 2022 2 min read

Sri Lanka gets "good response" from envoys, may take 3 months to finalize: PM

In the next few weeks we will face the most difficult time

May 14, 2022 3 min read
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Sri Lanka private credit, imports showing signs of slowing: CB Governor

Prime Lending Rates top 19 percent in May after rate corrections

May 14, 2022 2 min read
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Sri Lanka will have to print money unless taxes are raised: CB Governor

If there is not enough money the central bank has to monetize it

May 12, 2022 3 min read
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EU calls for calm in Sri Lanka, probe on instigators of violence

The EU urges all parties to refrain from violence and to show restraint

May 11, 2022 2 min read

Sri Lanka IMF technical talks to continue

We are following developments in Sri Lanka closely and are concerned about rising social tensions and violence

May 11, 2022 2 min read
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Latest Last
US Dollar 364.4202 364.4504
UK Pound 458.4562 454.9265
Euro 387.0507 385.9320
Aus Dollar 260.3089 257.4611
Yen 2.8814 2.8648
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.6162 4.6218
Korea Won 0.2831 0.2831
Oman Rial 933.5913 933.6892
Saudi Riyal 95.8218 95.8319
UAE Dirham 97.8580 97.8683
Source: Central Bank/Indicative
pts %
S&P SL20 2,844.97 3.42%
CSE All Share 8,474.49 2.53%
Turnover Rs million 2,730,762,448 1,978,302,133
Source: CSE
Latest Last
3-m bill 21.98 21.19
6-m bill 22.23 21.80
12-m bill 22.89 22.67
5-yr bond 21.70 22.43
8-yr bond 21.46 22.52
Source: Central Bank/Indicative
today yesterday
Overnight Money 14.50 14.50
Gilt Repo 14.50 14.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka Central Bank union calls for calm, political stability

We firmly emphasize the importance of formulating and implementing medium and long-term economic and structural reforms

May 11, 2022 4 min read

Sri Lanka without ministers, ministries without secretaries

The destruction of Sri Lanka's public service began with temporary secretaries

May 10, 2022 2 min read

Sri Lanka central bank advances more dollars to banks

Total advanced to banks through swaps have risen to US$351mn

May 9, 2022 2 min read

Sri Lanka pegs in both directions in March amid 'float'

Foreign exchange shortages and currency depreciation is a problem associated with soft-pegged exchange rates

May 9, 2022 3 min read

Sri Lanka foreign reserves drop to US$1.8bn in April

The central bank said there were 1,827 million dollars of currency reserves, down from 1,917 million dollars

May 8, 2022 2 min read

Sri Lanka and IMF next round of talks from May 09

We remain committed to assisting Sri Lanka, in line with the IMF’s policies

May 7, 2022 2 min read

Sri Lanka official foreign reserves remain at 1.9bn in April: Sabry

Chinese Yuan are 'restricted use'

May 5, 2022 2 min read

Sri Lanka has choice between 1991 India and Venezeula in reform path: Sabry

Whether we can resolve this crisis in 2 years or 10 years, it all depends on us

May 5, 2022 5 min read
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Fed hikes rates as Powell bubble drives up food prices and Sri Lanka struggles

'Unprint' money from June 01

May 5, 2022 5 min read

Sri Lanka central bank allowed to delay billion dollars to Reserve Bank of India

US$400mn swap extended by three months

May 4, 2022 1 min read
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