Salaries will be paid on January 25
Advance payments are converted before goods are shipped at least by two banks
The monetary authority operates a peg at 360 to the US dollar through a surrender rule
Pakistan has seen its reserve fall from 17 to 4 billion US dollars over 12 months
Local consumers still pay higher prices amid rice shortage speculations.
Trade associations in several towns have shuttered shops for a week
Third tranche of a US$1.2bn equivalent facility
Most domestic banks are selling dollars at around 211 rupees
Over 6,000 deaths
Rate taken up to 5.38-pct
Questions why PCR prodcurements are delayed
Reserves fall below 2 month of imports but PBoC swap is worth another month
Output gap targeting of 2018, turned to full blown modern monetary theory in 2020.
Several building material firms have shown weaker results amid rising costs and a lockdown
Services provided over email and telephone
Sri Lanka’s treasury is facing a daunting task of generating funds to meet the government’s day-to-day expenses.
In 2020 a central bank printed 111 billion rupees for a SME re-finance scheme
The move comes after severe scarcity for import milk powder has been reported amid speculation of hoarding.
US$58mn to be invested
Last week bonds were turned into reserve money at ceiling rates while some bills were sold down to sterilize liquidity
Sri Lanka central bank to operate under Covid-19 protocols
CBSL showed record profits in 2018 as REER targeting melted the rupee
Controlling imports of 16 foods was a key strategy of Saubagya Dekma
Supplies stuck at port as banks struggle for dollars