'Our leaders and financial sector experts have failed to bring a long term programme to manage our foreign reserves'
Remittance surrenders are from voluntary conversions
The central bank has said earlier exporters who do not convert will be charged a higher tax
The cryptocurrency Tether, a stable coin or pegged exchange rate is quoted around 236 rupees
We have been collecting information on these activities
The Article IV team will be in Sri Lanka from December 7 to 20.
In September gross reserves had fallen further
Tighter monetary policy stance may be needed to ensure compatibility with the exchange rate peg
From US$5.6bn in December 2020
CAA to issue new price controls based on 'costs'
On October 04, the central bank's Treasury bills stock rose to 1,442.7 billion rupees from 1,336 billion rupees
Money printing has triggered a US$2.7bn balance of payments deficit
Central Bank negotiating US$500mn in swaps
We will consider buying back the ISBs if steep discounts continue
The cash margin is removed from today
No change will be made to personal foreign currency accounts,
The food sub-index up 22 percent over 24 months
If the export credit is expensive, they have to bring dollars
Post auction tap open till 1600hours on Sept 30
"The result was the lengthening of the queue for dollars and the expansion of the black market further."
Reserve Bank of Zimbabwe raised its surrender requirement to 40-pct in January.
What we are doing is allowing markets to move in the way that they should perform
Rs 2bn printed after last week's bill auction despite low forex reserves
Bangladesh forex reserves surged as reserve money grew from NFA
Sri Lanka spends about 300 million dollars a year on diary product imports
The exchange of views with the main #Importers & #Exporters in Sri Lanka was very helpful