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Saturday April 20th, 2024
Economy

Sri Lanka's China swap to be extended for three years

The Chinese swap becomes usable if gross reserves go up above 3 months of past year imports

March 27, 2023 2 min read

Sri Lanka seeks to settle India ACU debt, credit lines over 5-years

Still in the early stages of negotiation

March 26, 2023 1 min read

Sri Lanka in talks for billion dollar equivalent Indian rupee swap

it could be up to the equivalent of a billion US dollars

March 25, 2023 2 min read

Sri Lanka repays part of Indian credit with first IMF loan tranche

US$121mn from $331 loan tranche used to settle debt

March 24, 2023 1 min read
Sri Lanka to provide seeds, market opportunities to rural cultivators

“Our goal is to expand this programme nationwide."

Sri Lanka has room to cut rates based on inflation target: CB Governor

As a result still there is a slack in the overall aggregate demand

Sri Lanka plans lentil credit line as money printing drive forex shortages

Credit for large import items

August 23, 2021 5 min read

Sri Lanka sovereign bonds trebled to US$15bn over 5-years

Nearly 7 billion dollars were raised during a period 15 months from April 2018 to May 2019

August 22, 2021 2 min read

Sri Lanka prints Rs29bn a day after monetary 'tightening'

The de facto rate was set before the policy rate

August 22, 2021 1 min read

Sri Lanka hikes drug controlled prices amid money printing

Last increase given when the rupee was 196 Health Minister says

August 21, 2021 2 min read

China's 'capitalism' came in tiny steps, expert tells Sri Lanka forum

When China started reforms, it lacked technology and basic knowledge about market system: Ning Wang

August 21, 2021 6 min read

India sends 280 tonnes of oxygen to Sri Lanka

At total of 280 tonnes of liquid medical oxygen to reach the island

August 20, 2021 1 min read

Sri Lanka exports rebound to top US$1bn in July 2021

Exports up despite third wave Coronavirus

August 20, 2021 2 min read

Panic buying of petrol, diesel in Sri Lanka as money printing drives forex shortages

Long queues for diesel and petrol

August 20, 2021 3 min read
1

Sri Lanka central bank still not decided on possible Zimbabwe-style parastatal facility

Cabinet had decreed 4-pct loans for government and semi-government agencies

August 20, 2021 4 min read

Sri Lanka Central Bank helping clear containers stuck at port without forex: Governor

It is not the best method

August 20, 2021 3 min read
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Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
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 'official' exchange rate unchanged CB Governor says, amid parallel prices

Parallel exchange rates around 230 or higher

August 19, 2021 3 min read

Sri Lanka to keep Treasury auction ceiling yields: CB Governor

Small increases have been seen weekly

August 19, 2021 2 min read

Sri Lanka expects US$200mn Bangladesh swap in tranches from this week

Money to come in three tranches

August 19, 2021 2 min read

Sri Lanka to put ceilings on exporter dollar deposit rates

To reduce incentive to hold dollars

August 19, 2021 2 min read

Sri Lanka chamber chief suggests policy reforms

We as a nation we must also make sure that we are investor friendly

Mahadiya Hamza
August 19, 2021 5 min read

Sri Lanka hikes policy rate 50bp, SRR up 200bp as forex reserves run low

Reserves at 1.8 months, net reserves lower

August 19, 2021 8 min read

Sri Lanka to import Pakistan rice, establish mills after failed price stability efforts

Local consumers still pay higher prices amid rice shortage speculations.

August 18, 2021 2 min read

Sri Lanka small businesses lockdown town centres; TUs issue ultimatum

Trade associations in several towns have shuttered shops for a week

August 18, 2021 4 min read

Sri Lanka inks deal for RMB2.0bn loan from China Development Bank

Third tranche of a US$1.2bn equivalent facility

August 17, 2021 1 min read

Sri Lanka rupee non-credible peg breaks to 211-215 to US dollar

Most domestic banks are selling dollars at around 211 rupees

August 17, 2021 3 min read