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Tuesday May 17th, 2022

Sri Lanka to give sweetners to expat workers as dollars lost to informal channels

Incentive package to be announced

November 10, 2021 2 min read

Sri Lanka bank credit to state repaid after money printing surge in Sept

Failed bond auctions effectively monetize past deficits

November 10, 2021 2 min read

Sri Lanka Central bank defends controversial export dollar surrender rules

Services included but remmittances

November 8, 2021 5 min read

Sri Lanka prints SRR hike, Rs296bn in new money dumped into banks in Sept

From Dec 2019 to Sept 2021 the central bank has printed Rs1.467 trillion triggering around US$5bn in reserve losses

November 8, 2021 2 min read
Sri Lanka has open mind about IMF, will go if needed: Minister

If needed we will take action to get support from the IMF

Sri Lanka should table IMF Article IV report in parliament: opposition

The problem cannot be solved simply by going to the IMF

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
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, IMF continuing talks for emergency support over Covid-19 crisis

May 5, 2020 3 min read

Sri Lanka extends Central bank re-financed Covid-19 credit relief deadline to May 15

Sri Lanka has extended a deadline for Coronavirus credit relief for Coronavirus affected businesses from a central bank ...

May 3, 2020 2 min read

Sri Lanka prints more money, after slapping forex controls amid IMF warning

Sri Lanka has printed more money in the week ending April 30 after under-selling Treasury bills at the weekly auction, o...

May 2, 2020 3 min read

Economist Magazine ranks Sri Lanka among countries in economic distress

Sri Lanka’s economy is among the worst affected by the current COVID 19 crisis, according to a ranking published by th...

May 2, 2020 3 min read

Sri Lanka faces currency pressure, low reserves, deficits, debt as Coronavirus hits: Moody's

Sri Lanka's government finances which had started to deteriorate before a Coronavirus pandemic, had been compounded with...

April 29, 2020 2 min read

Sri Lanka prints more money as rating downgraded to just above CCC

A key domestic asset stock of Sri Lanka' central bank went up by over 8 billion rupees to 291 billion rupees on April 24...

April 25, 2020 4 min read

Sri Lanka sovereign rating downgraded to 'B-' by Fitch, outlook negative

Fitch Ratings had downgraded Sri Lanka to 'B-' with a negative outlook, as the country cut value added tax in January a...

April 24, 2020 7 min read

Sri Lanka cabinet approves US$400mn currency swap from India

Sri Lanka's cabinet of ministers had approved a 400 million US dollar swap line with the Reserve Bank of India, co-cabin...

April 23, 2020 2 min read

Sri Lanka industries hit by import controls can appeal to Finance Ministry: Bandula

Sri Lanka's domestic industries hit by import control that came in the wake of currency pressure should appeal to the Fi...

April 23, 2020 1 min read

Maldives IMF deal for US$28.9mn approved, says international support needed

The International Monetary Fund has approved a 28.9 million US dollar Rapid Credit Facility (RCF) for the Indian Ocean i...

April 23, 2020 1 min read
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