An Echelon Media Company
Friday January 21st, 2022

Sri Lanka prints Rs113bn in November 2021 maintaining forex shortages

Private credit grew 60 billion in November, up from 35 billion in October

3 min read

Sri Lanka slaps price controls on forex swaps despite tight dollar liquidity

Ceiling implied dollar rate controlled at 10-pct

3 min read

Sri Lanka 2021 December inflation rises to 12.1-pct

Colombo inflation at a 13-year high

3 min read

Sri Lanka BOP problems cannot be solved by rationing, import quotas: Advocata

Monetary problems cannot be solved by import quotas and rationing

3 min read

Sri Lanka gold sales to boost liquid assets: Central Bank

Gold reserves are 5.6 percent of total reserves

China's 10bn yuan swap with Sri Lanka is “unique”, says envoy

It’s a strategic decision by the Chinese leader

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

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

2 min read

Sri Lanka CB starts outright bill sales sans spot rupee market

Reverse repo operations continue to climb

2 min read

Sri Lanka gets 7 responses to securitize remittance surrenders

These responses are being reviewed to determine the most suited modality

2 min read

Sri Lanka to freeze bank accounts linked to informal remittance amid forex crisis

Rs 10 rupee extra given by CB in December in official multiple exchange rate

1 min read

Sri Lanka central bank to pay Rs10 extra per dollar for worker remittances

Only 2 rupees extra were paid earlier

1 min read

Fed to end injections sooner, ‘retire’ transitory, Powell says as inflation rages in Sri Lanka

I think it is a good time to retire that word (transitory) and explain more clearly what we mean

4 min read

Sri Lanka inflation hits 9.9-pct Nov 2021, amid money printing

Food prices have risen 34-pct since the current bout of inflationary policy began

2 min read

Sri Lanka CB chief sees negative fallouts from IMF deal

Sharply higher rates and a currency fall

3 min read

Sri Lanka central bank blames usual suspects for inflation after printing money

Food prices have been surging amid trade restrictions

5 min read

Sri Lanka targets US$3.5bn forex reserves by end 2021

There will be no default: CB Governor says

2 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 201.0530 201.9442
UK Pound 273.9247 274.7249
Euro 228.2856 228.6917
Aus Dollar 145.4317 145.2585
Yen 1.7595 1.7610
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7009 2.7080
Korea Won 0.1687 0.1694
Oman Rial 522.2088 524.5236
Saudi Riyal 53.5941 53.8245
UAE Dirham 54.7373 54.9800
Source: Central Bank/Indicative
pts %
S&P SL20 4,623.95 0.12%
CSE All Share 13,462.39 0.04%
Turnover Rs million. 2,191,558,044.10 5,566,542,126
Source: CSE
Latest Last
3-m bill 7.91 7.84
6-m bill 8.18 8.12
12-m bill 8.37 8.29
5-yr bond 10.93 10.69
8-yr bond 10.93 11.52
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.93 5.99
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka to crack down on Hawala remittances

We have been collecting information on these activities

1 min read

IMF mission in Sri Lanka for Article IV discussions, no program request

The Article IV team will be in Sri Lanka from December 7 to 20.

1 min read

Sri Lanka keeps rates at 6.0-pct amid high inflation, forex trouble

Inflation is transitory

6 min read

Sri Lanka national inflation surges to a 4-year high after money printing

Since inflationary policy began from around August 2019, the food index had risen 28.5-pct

2 min read

Sri Lanka central bank appoints four assistant governors

Appointments are effective from November 17

7 min read

Sri Lanka closes oil refinery amid money printing, forex shortages

We made this decision to manage limited foreign exchange to import essential foods

4 min read

Sri Lanka recalls control-era NM Perera in budget 2022 amid new rubber import control

'Our leaders and financial sector experts have failed to bring a long term programme to manage our foreign reserves'

5 min read

Sri Lanka CB says no forcible conversion of worker remittances in securitization

Remittance surrenders are from voluntary conversions

2 min read

Sri Lanka budget 2022: new law on export dollar conversion

The central bank has said earlier exporters who do not convert will be charged a higher tax

1 min read

Sri Lanka rupee dollar swap discounts widen, some interbank outright trades

The cryptocurrency Tether, a stable coin or pegged exchange rate is quoted around 236 rupees

2 min read

1 4 5 6 7 8 56