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Sunday June 26th, 2022

Sri Lanka rupee already depreciated, no bidding war with Hawala: CB Governor

We do not want to get into an auction sale with Hawala people

December 5, 2021 3 min read

Sri Lanka unleashes money laundering unit, police, on unofficial remittances

Last mile Hawala deliveries to be tracked if made through the banking system

December 4, 2021 2 min read

Sri Lanka CB starts outright bill sales sans spot rupee market

Reverse repo operations continue to climb

December 4, 2021 2 min read

Sri Lanka gets 7 responses to securitize remittance surrenders

These responses are being reviewed to determine the most suited modality

December 4, 2021 2 min read
Sri Lanka President says seeking IMF bailout for forex crisis, debt

It will be the 17th time the central bank is going to the IMF since unstable peg was set up

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

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
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

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

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
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