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Wednesday December 1st, 2021
Monetary

Sri Lanka Port City Economic Zone to have offshore banking, stock exchanges

Sri Lanka's Colombo Port City Special Economic Zone will have offshore banks for which regulations will be made by the P...

5 min read

Sri Lanka Port City Special Economic Zone to be dollarized

Sri Lanka's Colombo Port City Special Economic Zone would be dollarized, according to a draft law for the area, protecti...

5 min read

Top economic policy influencers in Washington named

Steve Hanke, Maya MacGuineas, Adam Posen, Tyler Cowen and Heidi Shierholz have been named among top influencers of econo...

5 min read

Sri Lanka rupee can go to 300-350 to the US dollar: Trade Minister

Sri Lanka is controlling the price of the rupee with great difficulty and the it could fall to as much 300 to 350 to the...

5 min read

History of Sri Lanka paper money in National Trust lecture by Kavan Ratnatunga

The history of paper money in Sri Lanka will be the focus of a lecture by The National Trust this month ranging from the...

2 min read

Sri Lanka national inflation slows to 3.5-pct in May

Sri Lanka's nationwide inflation slowed down to 3.5 percent in the 12-months to May 2019, for the first time in six mont...

1 min read

Sri Lanka pegs strongly to US dollar in May

Sri Lanka's central bank has pegged strongly to the US dollar in May 2019, buying 45 million US dollars from the interba...

3 min read

Sri Lanka cabinet approves new central bank forex management system

Sri Lanka's central bank will be procuring a new foreign reserves management system, the cabinet office said.

1 min read

Sri Lanka private credit sharply negative in April

Sri Lanka's credit to private borrowers from commercial banks turned sharply negative to 43.4 billion rupees during Apri...

2 min read

Sri Lanka forex reserves may fall to $6.2bn in 2019 in worst-case: CB Governor

Sri Lanka's foreign reserves will at most fall to 6.2 billion US dollars by end-2019 due to the Easter Sunday attack, Ce...

2 min read

Sri Lanka inflation rises 5-pct in May

Sri Lanka's inflation accelerated to 5 percent from a year earlier in May 2019, from 4.5 percent in April, the state sta...

1 min read

Sri Lanka banks warned of price controls on lending

Sri Lanka will slap price controls on bank loans if rates do not come down fast enough Central Bank Governor Indrajit Co...

3 min read

Sri Lanka in 50pb rate cut as credit contract after soft-peg crisis

Sri Lanka's central bank has cut its policy corridor by 50 basis points with to 7.50 percent and 8.50 percent as a credi...

3 min read

Sri Lanka growth slowdown risk from bombings could prompt interest rate cut

ECONOMYNEXT – The prospect of Sri Lanka’s central bank loosening monetary policy at its review this week h...

2 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 202.0474 202.0474
UK Pound 268.7331 269.2383
Euro 228.7177 228.3338
Aus Dollar 144.3831 144.4841
Yen 1.7815 1.7776
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6936 2.6920
Korea Won 0.1711 0.1702
Oman Rial 524.7916 524.7916
Saudi Riyal 53.8563 53.8592
UAE Dirham 55.0073 55.0073
Source: Central Bank/Indicative
pts %
S&P SL20 3,900.02 1.84%
CSE All Share 11,440.53 2.13%
Turnover Rs million. 2,191,558,044.10 10,054,526,815
Source: CSE
Latest Last
3-m bill 7.56 7.63
6-m bill 7.91 7.88
12-m bill 8.25 8.16
5-yr bond 10.56 10.58
8-yr bond 11.21 11.20
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 CB Governor says strong case to relax monetary policy: report

Sri Lanka has a 'strong case' to relax monetary policy, Central Bank Governor Indrajit Coomarasmway said as the islands ...

2 min read

Sri Lanka national inflation hits 3.6-pct in April

ECONOMYNEXT - Sri Lanka's nationwide inflation rose to 3.6 percent in the 12-months to April 2019, its highest in over a...

2 min read

IMF urges Sri Lanka to lift cap on foreign bond investors, ease exporter controls

The International Monetary Fund has urged Sri Lanka to lift a cap on foreign investment in rupee bonds, and remove excha...

5 min read

Sri Lanka to outlaw some reckless central bank policy

Sri Lanka's planned new monetary law will outlaw two central bank practices that had led balance of payments deficits an...

Asantha Sirimanne

7 min read

Sri Lanka forex reserves drop in April after bond repayment

Sri Lanka's forex reserves had dropped 416 million US dollars to 7,212.7 billion US dollars in April 2019 from 7,629.2 b...

1 min read

IMF keeps Sri Lanka forecasts amid growth risk, import collapse

The International Monetary Fund will maintain its projections on economic growth, state revenues and deficits until more...

5 min read

IMF Sri Lanka loan extension approved

The International Monetary Fund has resumed and extended a program with Sri Lanka giving 164.1 million US dollars to the...

5 min read

Pakistan to get IMF bailout after currency collapse; urges central bank reform

Pakistan will get a 6 billion US dollar bailout in the wake of a currency collapse driven by attempts to artificially bo...

2 min read

Sri Lanka's Central Bank makes Rs137bn profit busting soft-pegged rupee

Sri Lanka's soft-pegged Central Bank has made a 137 billion rupee profit by busting the currency from 153 to 182 to the ...

5 min read

Sri Lanka banks, finance companies ordered to cut deposit rates

Sri Lanka's Central Bank has ordered banks and finance companies to cut deposit rates, saying statutory reserve ratios h...

2 min read