An Echelon Media Company
Tuesday May 24th, 2022

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

December 5, 2021 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

December 4, 2021 2 min read

Sri Lanka CB starts outright bill sales sans spot rupee market

Reverse repo operations continue to climb

December 4, 2021 2 min read

Sri Lanka gets 7 responses to securitize remittance surrenders

These responses are being reviewed to determine the most suited modality

December 4, 2021 2 min read
Sri Lanka rupee allowed to fall, expects Rs230 to dollar rate: Central Bank

Says of the view that forex transactions would take place at levels which are not more than Rs. 230 per dollar

Sri Lanka gross official reserves down 2-pct US$2,361mn in Feb 22

Net reserves are negative

Sri Lanka's opposition party claims central bank repo with New York Fed is illegal

Sri Lanka's United National Party of ex-Prime Minister Ranil Wickremesinghe has claimed that a repurchase deal between t...

July 29, 2020 1 min read

RBI's US$400mn 3-month swap to Sri Lanka for to be rolled over

A 400 million dollar swap from the Reserve Bank of India to Sri Lanka for three months will be rolled over twice under ...

July 28, 2020 1 min read

Sri Lanka private credit negative for second month in June 2020

Sri Lanka's private credit contracted 54 billion rupees in June 2020, extending a 69.6 billion rupee contraction seen in...

July 27, 2020 4 min read

Reserve Bank of India inks US$400mn swap for Sri Lanka: Indian High Commission

The Reserve Bank of India has inked a 400 million US dollar swap line to Sri Lanka, India's High Commission (embassy) in...

July 24, 2020 1 min read

Sri Lanka's nation-wide inflation rises to 6.3-pct in June

Sri Lanka's nation-wide consumer prices rose 6.3 percent in the 2-months to June 2020, rising from 5.2 percent in May, w...

July 21, 2020 1 min read

Sri Lanka extends Coronavirus exchange controls till Jan 2021 after printing money

Sri Lanka's central bank has extended exchange controls slapped as large volumes of money printing in March and April 20...

July 16, 2020 4 min read

Sri Lanka issuing Treasury letters confirming state debts to contractors and suppliers

Sri Lanka has begun issuing letters to government contractors and suppliers confirming that they are owed money by the s...

July 14, 2020 2 min read

Sri Lanka allows US$15,000 to be kept in possession, deposit in SDA forex account

Sri Lanka has allowed up to 15,000 US dollars or equivalent to be kept in possession up from 10,000 dollars earlier and ...

July 14, 2020 4 min read

Sri Lanka central bank 'unprints' money

Sri Lanka's central bank has sold down its Treasury bills stock for the second week, taking its holdings of Treasury bil...

July 13, 2020 5 min read

Sri Lanka central bank controversy with President erupted without prior discussion: Governor

A tongue lashing given by President Gotabaya Rajapaksa over a delay in the central bank giving loans with re-finance (pr...

July 13, 2020 3 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
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 attracts US$86mn deposits into Coronavirus accounts

Sri Lanka's special foreign exchange deposit accounts with an open call to resident and non-resident individuals as the ...

July 11, 2020 2 min read

Sri Lanka central bank complied with govt directions as allowed by law: Deputy Governor

Sri Lanka's central bank had complied with government directions as permitted by available monetary law, central bank of...

July 10, 2020 5 min read

Sri Lanka forex reserves recover to US$6.7bn in June: Central Bank

Sri Lanka's forex reserves have recovered to 6.7 billion US dollars in June from 6.49 billion US dollars in May helped w...

July 9, 2020 2 min read

Sri Lanka slashes policy rates 100bp amid Coronavirus slowdown

Sri Lanka has slashed policy rate 100 basis points bringing the rate at which money is injected to the banking system at...

July 9, 2020 7 min read

Sri Lanka withdraws some excess liquidity

Sri Lanka's central bank has reduced some of the excess liquidity in money markets that helped trigger a currency fall, ...

July 7, 2020 2 min read

Sri Lanka seeking billion dollar repo from New York Fed

Sri Lanka is seeking a billion US dollar repo from the New York Federal Reserve to boost dollar liquidity, Treasury Secr...

July 6, 2020 2 min read

Sri Lanka downgraded to World Bank lower middle income country as per capita income falls

Sri Lanka has been re-classified as a lower middle income country by the World Bank as per capita income dropped amid re...

July 3, 2020 4 min read

Sri Lanka inflation in June 2020 at to 3.9-pct

Sri Lanka's consumer price inflation in the 12-months to June 2020 eased to 3.9 percent from 4.0 percent in May, though ...

July 1, 2020 1 min read

Sri Lanka debt relief, US$400 swap line from India still under discussion

Discussions still ongoing with Sri Lanka over a request 400 million US dollar swap line for the central bank and debt re...

June 30, 2020 2 min read

Eran says if MCC money was given to government Auditor General can easily trace it

Samagi Jana Balavegaya National List candidate Eran Wickramaratne is saying that if any part of the MCC grant money was ...

June 29, 2020 2 min read
1 49 50 51 52 53 63