An Echelon Media Company
Monday June 27th, 2022

Sri Lanka CB raids money changers for offering parallel exchange rates

Licenses to be cancelled

December 9, 2021 2 min read

Sri Lanka dollar salary earners protest as banks force convert forex

I was told my entire salary would be converted against my wishes

December 8, 2021 4 min read

Sri Lanka forex reserves down to US$1.6bn in November

Forex reserves are now about one month of imports

December 8, 2021 9 min read

Sri Lanka debt re-structuring: opinion divided among think tanks

Agreement that an outright default is damaging

December 7, 2021 3 min read
Sri Lanka rupee quoted at 280/290 to the US dollar

Commercial banks selling dollars at 285 rupees

Sri Lanka reserve sales for imports total US$990mn by Feb 2022

Net interventions reduce in February 2022, though goods shortages worsen

Mobius says central bankers cannot fix economies, Sri Lanka rupee relatively stable

Central bankers cannot solve economic problems and large liquidity injections will lead to devaluations, though most eme...

June 29, 2020 3 min read

Sri Lanka's central bank to guarantee Covid-19 credit

Sri Lanka's central bank said it will guarantee loans given by banks for Coroanvirus affected businesses, from their ow...

June 28, 2020 3 min read

Sri Lanka to monetize billions of rupees of contractor bills

Sri Lanka will turn billions of rupees worth contractors bills due from government into money at 4 percent, by re-financ...

June 28, 2020 5 min read

Sri Lanka CB to pay 38,000 more The Finance depositors from July 02

Sri Lanka's central bank says 38,000 more depositors will be paid out of deposit insurance fund from July 02.

June 27, 2020 3 min read

Sri Lanka injects Rs459bn from Feb 2020, spends US$1.3bn in forex reserves

Sri Lanka's central bank had injected 459 billion rupees in to banking system from late February to avoid selling govern...

June 26, 2020 1 min read

Sri Lanka central bank lists measures taken for Covid-19 relief, money printed for budget

Sri Lanka's central bank has listed measures taken to ease cash pressure on the banking system during the Coronavirus cr...

June 25, 2020 23 min read

Ranee Jayamaha, Samantha Kumarasinghe appointed to Sri Lanka central bank board

Sri Lanka's Constitutional Council had confirmed Ranee Jayamaha, a former Deputy Governor and Samantha Kumarasinghe, a b...

June 25, 2020 1 min read

Sri Lanka to extend exchange controls for six months: Minister

Sri Lanka's cabinet had given approval to extend exchange and import controls for another six months from June 02, to ke...

June 25, 2020 1 min read

Sri Lanka's central bank gives Rs28bn loans from Rs120bn quasi-fiscal Coronavirus re-finance

Sri Lanka's central bank said it had approved 28 billion rupees of subsidized credit to be issued from commercial banks ...

June 25, 2020 3 min read

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
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 367.1686 367.3982
UK Pound 452.6187 451.8938
Euro 388.4167 389.8979
Aus Dollar 255.6136 255.4851
Yen 2.7395 2.7267
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.6108 4.6159
Korea Won 0.2772 0.2772
Oman Rial 935.8320 937.3904
Saudi Riyal 96.0211 96.1836
UAE Dirham 98.0915 98.2549
Source: Central Bank/Indicative
pts %
S&P SL20 2,470.19 1.59%
CSE All Share 7,651.19 1.26%
Turnover Rs million 1,245,549,656 1,102,192,667
Source: CSE
Latest Last
3-m bill 21.20 21.45
6-m bill 21.88 22.16
12-m bill 22.51 22.77
5-yr bond 20.38 20.79
8-yr bond 20.46 20.49
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 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

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
1 54 55 56 57 58 65