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Tuesday February 27th, 2024
Economy

Sri Lanka could run out of ink due to money printing: legislator

There is one thing the government has done well, that is to print money

September 6, 2021 2 min read

Sri Lanka top rice millers profiting Rs50bn a season says minister, amid import substitution

Nadu rice should be sold at 97 rupees, he says

September 6, 2021 2 min read

Sri Lanka’s emergency regulations are to control food mafia: agriculture minister

“It is not a food shortage but a food mafia. The new emergency regulations are to control this mafia.”

September 6, 2021 4 min read

Sri Lanka prints Rs40bn after failed Treasury bill auction

Overnight injections fall with more term printed money coming in

September 6, 2021 3 min read

Sri Lanka blames food shortages and emergency on 'venomous' traders after printing money

Emergency laws can not only confiscate food stocks but also vehicles and warehouses

September 5, 2021 9 min read

Sri Lanka does not need the IMF at the moment, no default: Minister Cabraal

We do have a respect for the IMF and work with them in the past as well

September 4, 2021 3 min read

Sri Lanka central bank on track to make forex losses as net foreign assets fizzle out

Reserve cover for note issue declines to below 1-pct

September 3, 2021 4 min read

Sri Lanka orders banking, transport, petroleum, food, state offices essential services

Ceylon Sugar, Paddy Marketing Board included

September 3, 2021 3 min read

Sri Lanka slaps price controls on sugar, rice amid money printing

Sugar at Rs122 for bulk Rs125 for packets

September 3, 2021 2 min read

Sri Lanka rupee crosses 230 to dollar, Rs127bn printed overnight to sterilize SRR hike

Overnight short reaches Rs205bn

September 2, 2021 5 min read
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Latest Last
US Dollar 315.8517 316.0679
UK Pound 401.4574 401.2833
Euro 343.4590 344.0649
Aus Dollar 209.1156 209.2045
Yen 2.1097 2.1124
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 seizes sugar stocks through emergency law amid monetary instability

Sugar was seized from Pyamid Wilmar, Global Trading, Wilson Trading Company and R G Stores

September 1, 2021 2 min read

Sri Lanka to allocate 19 bn rupees for orphan, widow, widower pension fund

300,000 million rupees will be borne by the General Treasury as pension benefits for public service officers.

Mahadiya Hamza
September 1, 2021 1 min read

Sri Lanka seeks forex loans amid attempts to boost reserves

Proposals in US$50mn equivalent tranches

September 1, 2021 1 min read

Sri Lanka sugar importers caught in CPC-style unhedged forex losses

Sugar imported now has to be paid in 180 days

September 1, 2021 2 min read

Sri Lanka 2021 budget deficit 4.7-pct of GDP up to June, debt grows faster

Growth in net debt is higher than the deficit

September 1, 2021 2 min read

Sri Lanka inflation rises to 6.0-pct in August 2021

Food prices up 11.5-pct in the past 12-months

September 1, 2021 1 min read

Sri Lanka central bank gets US$150mn swap from Bangladesh, SDR541mn from IMF

Total of over a billion US dollars in gross inflows to the central bank in August

September 1, 2021 2 min read

Sri Lanka rupee falls to 226 to US dollar at banks, CB indicative spot changed to Rs210

There is no functioning spot market at the moment

August 31, 2021 1 min read

Sri Lanka will decide on IMF based on local and global conditions: Minister

No decision yet

August 31, 2021 2 min read

Sri Lanka to freeze hiring, halt new projects, target subsidies

Revenue crunch amid Coronavirus pandemic

August 31, 2021 2 min read