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Tuesday May 17th, 2022

Sri Lanka central bank tightens exporter surrender rules

Only specified deductions allowed

October 29, 2021 4 min read

Sri Lanka CB appoints new monetary policy consultative committee

Representatives from several sectors

October 19, 2021 2 min read

Sri Lanka cryptocurrency users should take own risk: CB officials

El Salvador has made Bitcoin legal tender amid controversy

October 18, 2021 3 min read

Sri Lanka prints Rs19bn despite lifting Treasuries price controls

Both reported outright bill stock and window borrowings up

October 18, 2021 3 min read
Sri Lanka firms to sell dollar shares on stock exchange

Sri Lankan firms can now raise funds in foreign currencies through listing at Colombo Stock Exchange

Sri Lanka stocks fall to over 1-wk low on forced sales; LOFC boosts turnover

The key stock index has fallen 6.8 percent so far in February on forex, economic concerns

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

Sri Lanka pumps Rs240bn into banking system during Coronavirus crisis

Sri Lanka has pumped 240 billion rupees in liquidity into the banking system an official said of which 140 billion rupee...

April 11, 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 forex reserves down to Rs7.5bn in March amid liquidity injections

Sri Lanka's forex reserves were down by 412.5 million US dollars to 7,525 million by end March 2020 from 7,938.24 milli...

April 10, 2020 2 min read

Sri Lanka to give Coronavirus incentive package for foreign exchange remitted in

Sri Lanka will give an incentive package to anyone who repatriates dollars held abroad to the island in the next three m...

April 9, 2020 2 min read

Sri Lanka to seek US$1400mn in swap lines from India, China mulled amid Coronavirus

Sri Lanka has requested a 400 million dollar swap line from the Reserve Bank of India under an arrangement available for...

April 9, 2020 2 min read

Sri Lanka tightens forex controls after printing money

Sri Lanka has tightened controls on foreign exchange outflows for three months as the rupee slid in the wake of rate cut...

April 6, 2020 3 min read

Sri Lanka sovereign bond yield reversal ends after rate cut

Yields on Sri Lanka's sovereign bonds which fell sharply from record lows after Treasury Secretary S R Attygalle said th...

April 6, 2020 2 min read

Sri Lanka makes fresh helicopter drop of liquidity as nation fights off Coronavirus

Sri Lanka has made another helicopter drop of cash pushing up excess money in the banking system with monetary instabili...

April 6, 2020 6 min read

Sri Lanka president meets central bank on forex reserves, confidence building

April 3, 2020 2 min read

Sri Lanka details terms of Rs50bn central bank re-financed Coronavirus facility

Sri Lanka's central bank has detailed the use of a 50 billion rupee facility for Coronavirus hit business set up along t...

April 3, 2020 2 min read

Sri Lanka appeals for forex inflows to combat COVID-19, lifts inward restrictions

Sri Lanka has relaxed all restrictions on foreign currency inflows while its Central Bank issued a global appeal to Sri ...

April 2, 2020 3 min read

Sri Lanka to control imports except oil and medicines, grow vegetables: Minister

Sri Lanka will ban all non-essential imports except for fuel and medicine and launch a drive to grow vegetables, Co-cab...

April 2, 2020 1 min read
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