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Tuesday May 17th, 2022

Sri Lanka central bank foreign assets negative by US$780mn in Sept

A central bank whose net foreign assets go negative loses its ability to provide convertibility

November 8, 2021 2 min read

Sri Lanka forex reserves fall to US$2,267mn in Oct 2021

Surrender requirement tightened despite steady fall in reserves

November 7, 2021 2 min read

Sri Lanka lifts price controls on chicken meat

Chicken farmers have been facing higher feed costs

November 5, 2021 1 min read

Sri Lanka CB says working to reverse trend of getting deeper into dollar debt

Balancing Act

October 31, 2021 4 min read
Sri Lanka national inflation gallops to 16.8-pct in Jan 22

The National Consumer Price Index jumped 3.1 percent in during the month of Januar

Sri Lanka central bank forex reserves negative by US$1.9bn in Dec

In August foreign assets turned negative (reserve liabilities exceeded assets) by around 400 million US dollars

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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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 rupee fall, import controls to hurt 60-pct of companies Fitch says

About 60 percent of Sri Lanka's companies would be hit from fall in the rupee, Fitch Ratings said while imports control ...

April 22, 2020 5 min read

Sri Lanka sells US$174mn to defend peg in March after printing money

Sri Lanka has sold 174.3 million US dollars in March 2020 to defend a soft-peg with the US dollar after printing money, ...

April 20, 2020 3 min read

Maldives IMF deal to go to Board on April 22, GDP to shrink 8.1-pct on Coronavirus hit

A 29 million US dollar program for the Indian Ocean tourist paradise of Maldives will go to the board of the Internatio...

April 18, 2020 2 min read

Sri Lanka rupee gains to 191.50/192.00 to greenback as spot trading resumes

Sri Lanka's rupee closed around 191.50/192.00 to the US dollar after spot deals resumed late on Friday and bond yields e...

April 17, 2020 1 min read

Sri Lanka to allow export inputs despite import controls: EDB Chief

Sri Lanka will allow inputs for export industries despite an import ban, a top official said, after import controls wer...

Mahadiya Hamza
April 16, 2020 2 min read

Sri Lanka in talks with IMF for rapid finance amid Coronavirus crisis

Sri Lanka is in talks with the International Monetary Fund are in talks for a program under its Rapid Finance Instrument...

April 16, 2020 1 min read

Sri Lanka cuts bank rate 500bp to 10-pct, to be linked to ceiling policy rate

Sri Lanka has cut the bank rate, the final lender of last resort facility available to banks that face runs, to 10 perce...

April 16, 2020 1 min read

Sri Lanka 2020 GDP to contract 0.5-pct IMF says amid Coronavirus hit

The International Monetary Fund has said Sri Lanka's gross domestic product would contract 0.5 percent n 2020, down 4.0...

April 16, 2020 3 min read

Afghanistan, Nepal, 23 other countries get IMF Coronavirus debt relief

South Asian nations of Afghanistan, Nepal and 23 other African and small island nations will be given debt relief for th...

April 14, 2020 1 min read

Sri Lanka's LOLC gets US$422mn for first tranche of Cambodia unit

Sri Lanka-based LOLC group said, a holding company in Singapore had had received 422 million dollars from the sale of th...

April 13, 2020 3 min read
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