Relaxation of surrender rule on Monday led to appreciation
The 2022 balance payments deficit peaked at 3,035 million dollars in August
“Stop the brain drain,” was a prominent slogan at one of the anti-tax protests held on Wednesday.
Passport issues continue apace
Food prices down over 12-months
Sugar at Rs122 for bulk Rs125 for packets
Overnight short reaches Rs205bn
Sugar was seized from Pyamid Wilmar, Global Trading, Wilson Trading Company and R G Stores
300,000 million rupees will be borne by the General Treasury as pension benefits for public service officers.
Proposals in US$50mn equivalent tranches
Sugar imported now has to be paid in 180 days
Growth in net debt is higher than the deficit
Food prices up 11.5-pct in the past 12-months
Total of over a billion US dollars in gross inflows to the central bank in August
There is no functioning spot market at the moment
Revenue crunch amid Coronavirus pandemic
Major General appointed to co-ordinate food distribution
Takes over micro-lenders in Africa
But the salary and pension bill rose by 27.7 billion rupees to 361.3 billion rupees easily outpacing the increase
LIVE-streamed on the 30th of August from 1600h onwards
Sri Lanka did extend the ongoing quarantine curfew on Friday (27) but only until September 6.
Liquidity from failed rupee bond auctions have been driving forex reserves down
Because the currency board will introduce discipline to political leaders as well as those in the central bank
Korea is a key market for migrant Sri Lankan workers who want to earn a higher income