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Saturday March 2nd, 2024
Economy

Sri Lanka forex reserves rise to US$2,217

CB still buying dollars

March 8, 2023 1 min read

Sri Lanka rupee opens at 313/323 to the US dollar

Rupee is appreciating amid negative private credit

March 8, 2023 1 min read

Sri Lanka, India in talks on using Indian rupees to settle transactions: foreign minister

"We're grateful for what India has done; and we see India rising and we want to rise together," he said.

March 8, 2023 2 min read

Sri Lanka bakers mull cutting bread price to Rs100 amid tight money

Hoping to boost demand

March 8, 2023 3 min read
Disappearing act by Keeri Samba amid Sri Lanka price controls, import curbs

“By today when Keeri Samba prices are to rise to Rs.280 to 285 the CAA will take steps to raid them.

Sri Lanka plans Temasek style SOE holding company

To end SOE dependence on state banks

Sri Lanka to seek consultant for China DBFOT elevated expressway

The consultant will be chosen following "formal procurement methodology"

September 14, 2021 1 min read

Sri Lanka recovery framework to be launched by Advocata Institute - LIVE NOW

There is no doubt that Sri Lanka is facing a severe economic crisis

September 14, 2021 2 min read

Sri Lanka BOP deficit soars to US$2.7bn to July 2021 as bond auctions fail

Weakened credibility of the peg fires several speculative frenzies

September 14, 2021 6 min read

Nivard Cabraal says will focus on "stability first" as Sri Lanka CB Governor

I will be concentrating on stability first and growth

September 13, 2021 1 min read

Sri Lanka imports soar to 17-month high in July 2021 amid money printing, exports

Imports at pre-pandemic highs despite lack of tourism revenues

September 13, 2021 3 min read

Sri Lanka prints Rs29bn as price controls undermine bill auction

The liquidity injected however has been sucked up by a statutory reserve ratio hike

September 13, 2021 1 min read

Sri Lanka CB chief Lakshman yearns for stable rupee amid money printing

I am personally not in favour of continuous depreciation of the currency based on our own past experience

September 13, 2021 12 min read

Sri Lanka opposition objects to the planned appointment of new CB governor

Ex-state minister Wikramaratne says there are conflicts of interest

September 13, 2021 1 min read

Sri Lanka seizes rice from private traders after broken deal

Government says millers broke agreements

September 12, 2021 4 min read

Sri Lanka exchanges IMF special drawing rights for US dollars

The central bank had 132 million SDRs by the end of August

September 11, 2021 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 314.2362 315.2986
UK Pound 398.6683 401.0482
Euro 341.7333 343.3195
Aus Dollar 206.6758 207.9088
Yen 2.1003 2.1051
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka forex reserves rise to US$3,550mn after IMF SDR flow

Reserves climb US$744.8mn

September 11, 2021 2 min read

Academic turned Sri Lanka central bank chief Lakshman resigns

He promised an alternative policy framework

September 10, 2021 5 min read

Sri Lanka central bank governor W D Lakshman to step down on Sept 14

He was appointed on December 2019

September 10, 2021 2 min read

Nivard Cabraal "very likely" to be appointed Sri Lanka central bank Governor

Has to resign political offices

September 10, 2021 2 min read

Sri Lanka rupee revaluation to 203 dries up dollar flows, exporters brace for new controls

Authorities seek information on exporter deposits

September 9, 2021 5 min read

Sri Lanka seizes rice stocks from private mills under emergency for defying price controls

Stocks owned by Nipuna, Lathpandura, Araliya, Hiru, New Rathna and Suriya mills were seized

September 8, 2021 2 min read

Sri Lanka Finance Minister says country facing twin external and domestic crises

Revenues far below budget, deep forex crisis

September 8, 2021 7 min read

Sri Lanka banks quote Rs197/203 to the US dollar

For small value transactions

September 7, 2021 2 min read

Speculation rises over Sri Lanka central bank governor post

Reports indicated the possibility of Minister Cabraal returning to his old post

September 7, 2021 1 min read

Sri Lanka hikes import duty on onions to Rs40 per kilogram

Domestic farmers are harvesting now

September 7, 2021 1 min read