An Echelon Media Company
Tuesday May 17th, 2022

Sri Lanka recalls control-era NM Perera in budget 2022 amid new rubber import control

'Our leaders and financial sector experts have failed to bring a long term programme to manage our foreign reserves'

November 15, 2021 5 min read

Sri Lanka CB says no forcible conversion of worker remittances in securitization

Remittance surrenders are from voluntary conversions

November 14, 2021 2 min read

Sri Lanka budget 2022: new law on export dollar conversion

The central bank has said earlier exporters who do not convert will be charged a higher tax

November 12, 2021 1 min read

Sri Lanka rupee dollar swap discounts widen, some interbank outright trades

The cryptocurrency Tether, a stable coin or pegged exchange rate is quoted around 236 rupees

November 11, 2021 2 min read
Sri Lanka remittances down 61-pct in January 2022 amid parallel exchange rates

Remittances started to slow down faster from around September

Why Sri Lanka is having power cuts, fuel shortages as forex crisis worsens - Explained

Oil bills are large and stand out from other import bills

Sri Lanka's Senior Citizens' incomes will take a hit as interest rates set to fall steeply - Economi...

Sri Lanka’s hundreds of thousands of Senior Citizens who have invested their lives’ savings in Fixed Deposits and ar...

Arjuna Ranawana
June 18, 2020 3 min read

Sri Lanka excess liquidity soars to Rs223bn amid rupee fears

Sri Lanka's excess liquidity in money markets soared to a historic high of 223 billion rupees after the statutory reserv...

June 18, 2020 4 min read

Sri Lanka to start more credit schemes with 1.0-pct central bank money

Sri Lanka's central bank said it will issue more new money to banks at 1.0 percent to give loans under credit schemes wh...

June 16, 2020 3 min read

Sri Lanka cuts reserve ratio by 2.0-pct, injects Rs115bn into banks

Sri Lanka has cut the statutory reserve ratio (SRR) reducing the share of deposits that banks have keep in the central b...

June 16, 2020 4 min read

Sri Lanka President slams central bank over Rs150bn quasi-fiscal re-finance

Sri Lanka's President Gotabaya Rajapaksa has slammed central bank over not issuing 150 billion rupees of new money for b...

June 16, 2020 6 min read

Arrest warrants issued against directors of ETI Finance Ltd.

A Colombo Magistrate has issued warrants for the arrest of the Directors of Edirisinghe Trust Investments Finance Ltd., ...

June 16, 2020 2 min read

Sri Lanka private credit tumbles in April 2020, more money printing

Sri Lanka's private credit has tumbled in April 2020 to 13.4 billion rupees from a spike to 120 billion rupees in March ...

June 15, 2020 3 min read

Sri Lanka foreing reserves in May 2020 US$6.4bn, drops $686mn

Sri Lanka's forex reserves dropped 686 million US dollars to 6,493 million US dollars in May 2020 from a month earlier,...

June 14, 2020 3 min read

Sri Lanka central bank not yet trippled Zimbabwe style quasi-fiscal facility

Sri Lanka's central bank has not yet tripled a re-finance (printed money) facility to 150 billion rupees (about 800 mill...

June 12, 2020 3 min read

Sri Lanka import controls, Covid-19 cargo logjam hit apparel exporters

Sri Lanka's apparel exporters are facing difficulties in obtaining essential items for manufacturing due to import contr...

Mahadiya Hamza
June 8, 2020 5 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 365.000 377.4967
UK Pound 467.5760 467.1937
Euro 403.6233 400.9370
Aus Dollar 269.0664 270.5633
Yen 2.9308 2.8886
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.6485 4.6497
Korea Won 0.2797 0.2801
Oman Rial 935.0528 935.0528
Saudi Riyal 95.9744 95.9718
UAE Dirham 98.0112 98.0112
Source: Central Bank/Indicative
pts %
S&P SL20 2,669.73 5.52%
CSE All Share 8,156.45 5.18%
Turnover Rs million 2,180,675,756 1,193,171,490
Source: CSE
Latest Last
3-m bill 21.10 20.83
6-m bill 21.68 21.71
12-m bill 22.39 22.41
5-yr bond 21.89 21.27
8-yr bond 21.78 21.60
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 financial system strong, will prosecute those spreading wrong information: CB Governor

Sri Lanka's banking system is strong despite a rise in bad loans and the central bank will use all tools to maintain fin...

June 7, 2020 7 min read

SJB asks Auditor-General to look into government's "unauthorized expenses"

The opposition Samagi Jana Balavegaya has written to the Auditor General pointing out what they term as “three instanc...

May 26, 2020 1 min read

Under fire Sri Lanka central bank defends money printing

Sri Lanka's central bank defended its money printing, which led to forex shortages and fears of repaying foreign debt le...

May 24, 2020 9 min read

Sri Lanka President requests US$1.1bn forex swap from India, invites port investment

Sri Lanka's President Gotabaya Rajapaksa has requested a 1.1 billion foreign exchange swap from India and also invited a...

May 24, 2020 2 min read

Sri Lanka central bank profits plunge in 2019 amid monetary stability

Profits at Sri Lanka's central bank plunged 60 percent to 55 billion rupees in 2019 from 137 billion rupees in 2018 as t...

May 22, 2020 2 min read

Sri Lanka policy incoherence hurting rating, potential lenders: Fitch

The lack of a coherent policy framework is hurting the sovereign rating and also potential lenders who may want to finan...

May 18, 2020 1 min read

President hangs tough over ban on Ethanol imports

President Gotabaya Rajapaksa is saying his decision to ban the import of Ethanol will stand and he “will not rescind t...

Arjuna Ranawana
May 15, 2020 2 min read

Sri Lanka private credit slow in February 2020

Sri Lanka's private credit picked up to 25 billion rupees in January 2020, from just 0.3 billion rupees in December, whi...

May 9, 2020 1 min read

Sri Lanka forex reserves drop US$353mn to US$7.2bn in April

Sri Lanka's foreign reserves have dropped 353 million US dollars to 7,179 million US dollars, official data show, after ...

May 8, 2020 2 min read

Sri Lanka cuts policy rates by 50bp to 6.50-pct

Sri Lanka's central bank said it had cut the policy rate at which it injects printed money to markets by 50 basis points...

May 6, 2020 3 min read
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