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Friday January 21st, 2022

Sri Lanka rupee dollar parallel markets step in amid money printing, forex curbs

Parallel exchange markets had developed officially and unofficially in money printing non-credible pegged regimes

3 min read

Sri Lanka Central Bank Governor issues statement on rupee, debt repayments

Banks managing outflows within inflows, while giving priority to essential and urgent imports

3 min read

Sri Lanka prints Rs23bn outright after price controls fail bill auction

Overnight borrowing at Rs45bn after the outright injection

3 min read

Sri Lanka's national inflation hits 6.1-pct in May

The food and non-alcoholic beverages sub-index was up 10.3 percent from a year earlier.

3 min read

Sri Lanka to hike mandatory foreign exchange surrender rule

No change will be made to personal foreign currency accounts,

Sri Lanka is a flexible inflation targeting country now: CB Governor

Sri Lanka is has 'pretty much' completed a transition to a flexible inflation targeting regime, Central Bank Governor I...

2 min read

Sri Lanka rupee to Indonesia's Rupiah, the consequences of state failure

In 2019 Sri Lanka is suffering an output shock and credit contraction after a steep currency collapse from operating a '...

23 min read

Sri Lanka's inflation 3.4-pct in August

Sri Lanka's inflation edged up to 3.4 percent in August 2019, from 3.3 percent as month earlier data from the state stat...

1 min read

Sri Lanka prints Rs2.2bn 10-month money below overnight policy rate

Sri Lanka's central bank printed 2 billion rupees at for 315 days at 7.94 percent, and 264 million rupees at 7.90 percen...

3 min read

Sajith promises Hayekian, Keynesian policy mix for Sri Lanka

Sajith Premadasa, who is pushing to be the presidential candidate for Sri Lanka's United National Party said he wanted t...

5 min read

Foreigners sell bonds as rupee falls, CB says Sri Lanka has enough forex reserves

Foreign investors sold 13 billion rupees of bonds in the week to August 21, accelerating a weakening of the rupee that b...

6 min read

Sri Lanka liquidity drop amid money printing bout from fiscal repayment

A drop in excess liquidity earlier in August around the time large scale money printing from lender of last resort windo...

3 min read

Sri Lanka cuts policy rate 50bp after liquidity disruptions

Sri Lanka has cut its policy interest rate 50 basis points to 7.0 percent shortly after unusual volatility in the aggreg...

7 min read

Sri Lanka national inflation edges up to 2.2-pct in July

Sri Lanka's nationwide inflation edged up to 2.2 percent in July 2019 after slowing down in the two previous months, the...

1 min read

Sri Lanka central bank injects cash overnight, term, and outright

Sri Lanka's central bank has injected 2.76 billion rupees in permanent money and is lending new money to the banking sys...

2 min read

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Latest Last
US Dollar 201.0530 201.9442
UK Pound 273.9247 274.7249
Euro 228.2856 228.6917
Aus Dollar 145.4317 145.2585
Yen 1.7595 1.7610
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7009 2.7080
Korea Won 0.1687 0.1694
Oman Rial 522.2088 524.5236
Saudi Riyal 53.5941 53.8245
UAE Dirham 54.7373 54.9800
Source: Central Bank/Indicative
pts %
S&P SL20 4,623.95 0.12%
CSE All Share 13,462.39 0.04%
Turnover Rs million. 2,191,558,044.10 5,566,542,126
Source: CSE
Latest Last
3-m bill 7.91 7.84
6-m bill 8.18 8.12
12-m bill 8.37 8.29
5-yr bond 10.93 10.69
8-yr bond 10.93 11.52
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's central bank lends liquidity near deposit rate

Sri Lanka's central bank is injecting billions of rupees (lending money) to the banking system the rate at which excess ...

2 min read

US false claims of China currency manipulation 'purely political', act of war: Hanke

US claims that China is manipulating its currency is "purely political" amounts to an act war and is a repeat of false m...

4 min read

Sri Lanka's central bank buys US$129mn to peg rupee in July

Sri Lanka's central bank has bought 129 million US dollars to peg the rupee to the US dollar with a strong side converti...

3 min read

Sri Lanka forex reserves drop in July to US$8.34bn

Sri Lanka's gross official foreign reserves dropped 421 million US dollars during the month of July 2019 to end at 8,343...

1 min read

China mops up liquidity to prop up Yuan, Sri Lanka rupee slightly weaker

The People's Bank of China mopped up excess liquidity in money markets to prop up its now unstable 'flexible exchange ra...

6 min read

Dushni Weerakoon appointed to Sri Lanka Monetary Board

Dushni Weerakoon, an economist, has been appointed as a member of the Monetary Board, the central bank said.

1 min read

Sri Lanka inflation eases to 4.0-pct in July

Sri Lanka' 12-month inflation eased to 4.0 percent in July 2019 from 4.2 percent in June the state statistics office sai...

1 min read

US Fed cuts key interest rate to 'insure' against global uncertainties

The US Federal Reserve, under intense pressure from President Donald Trump to stimulate the economy, on Wednesday cut th...

4 min read

Sri Lanka inflation picks up in 2019 as liquidity shortages end

Sri Lanka's inflation in the 12-months to June 2019 fell to 3.8 percent from 5.0 percent in May, but the consumer price ...

3 min read

Sri Lanka national inflation slows to 2.1-pct in June

ECONOMYNEXT - Sri Lanka's nationwide inflation slowed down to 2.1 percent in June 2019 from 3.5 percent in May 2019, the...

1 min read