An Echelon Media Company
Saturday December 3rd, 2022
Opinion

Sri Lanka speaker signs constitutional amendment into law

Aims to make the public service more independent

October 31, 2022 1 min read

Sri Lanka's tragedy and the lost wisdom of D S Senanayake on money printing

That BOP deficits and reserve losses are caused by money printing is now hidden and victims are blamed

October 24, 2022 9 min read

Sri Aurobindo: Mystical Awareness Supplants Production

In India, religion and socialism commingle and collide.

October 7, 2022 35 min read

Confusion over whether Sri Lanka's IMF deal will be presented to parliament

"The cabinet will be briefed very soon once he received all the details."

September 22, 2022 2 min read
Sri Lanka rates elevated amid failed float and DDR fears

Fear of a DDR/IFR event drive rates even higher

Sri Lanka is wrong to scapegoat expat workers over Undiyal: Bellwether

Indian billion dollar credit line also works Undiyal fashion

Sri Lanka economic recovery, a common minimum program

A series of detailed proposals

July 1, 2022 15 min read

Sri Lanka, world's poor suffers from Fed's accidental discovery: Bellwether

It is through open market operations that money is printed to mis-target interest rates

Bellwether
June 15, 2022 13 min read
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Sri Lanka's central bank needs accountability and restraint, not independence: Bellwether

The absolute discretion to print money through flexible inflation targeting cum output gap targeting has to be blocked

Bellwether
June 1, 2022 12 min read

Sri Lanka lifts curfew from 0700h to 1400h on May 12

.

May 11, 2022 1 min read

Sri Lanka can trigger food shortages as in medicines with new trade controls: Bellwether

Forcing food importers to use LCs can create food shortages.

April 29, 2022 11 min read

Bangladesh a surprising economic success

Led by garment exports Bangladesh graduating from Least Developed status

Arjuna Ranawana
April 23, 2022 5 min read

Sri Lanka on the brink of political revolution

The latest viral video is a Sinhala version of the anti-Fascist Anthem known by its original Italian title BellaCia

Arjuna Ranawana
April 16, 2022 9 min read
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What Sri Lanka's IMF program should look like

Steep rate hikes are needed to save the rupee

Bellwether
April 7, 2022 15 min read

Sri Lanka has to work fast to contain multiple defaults as Tanzi bites: Bellwether

A flexible exchange rate fails because it is not rule bound

Bellwether
April 1, 2022 9 min read

Sri Lanka has to hike rates, ensure monetary fiscal co-ordination to help rupee: Bellwether

Monetary fiscal co-ordination comes from an International Monetary Fund

March 10, 2022 4 min read
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Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 371.7757 371.7599
UK Pound 442.7119 438.8584
Euro 387.1945 385.3880
Aus Dollar 253.0234 251.0798
Yen 2.6686 2.6603
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4818 4.4863
Korea Won 0.2748 0.2747
Oman Rial 944.1068 944.1068
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.9627 98.9627
Source: Central Bank/Indicative
pts %
S&P SL20 2,464.20 -3.19%
CSE All Share 8,087.04 -2.47%
Turnover Rs million 1,626,658,918 1,576,314,848
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka use of reserves for imports is a deadly false choice: Bellwether

Sterilized currency defence, without an accompanying rise in rates, spells disaster

January 31, 2022 17 min read
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Sri Lanka has to hike rates, tourism recovery will not help end forex crisis: Bellwether

At the current policy rates and sterilization of interventions, forex problems will not get better

Bellwether
January 18, 2022 16 min read

Sri Lanka should prepare to float, and promote parallel dollarization: Bellwether

The proposal to import cars with dollar earnings and pay taxes in dollars is absolutely correct

December 21, 2021 16 min read

Proposed Sri Lanka National Policy for Industrial Development: A commentary

Trade and industrial policies complement each other

December 6, 2021 24 min read

Easter Sunday blasts; an issue that the government wants to wish away

Pressure from various groups primarily the Catholic Church for answers rattles the government

Arjuna Ranawana
December 4, 2021 9 min read

Sri Lanka government heading into a perfect storm: Opinion

Protests over several issues including the Easter Sunday probe magnify economic troubles

Arjuna Ranawana
November 11, 2021 5 min read

Why the Sri Lanka rupee is depreciating creating currency crises: Bellwether

A Bellwether FAQ on the dangerous lack of note-issue banking know-how

Bellwether
November 9, 2021 27 min read

Civet Close Encounters

Midnight Rambler: Sympathy for the Devil in Your Garden

Mark Hager
October 29, 2021 8 min read

How Sri Lanka's IMF-backed 'Young Plan' fired a foreign debt death spiral: Bellwether

In all years with inflationary policy, debt after foreign reserves went up

Bellwether
September 16, 2021 18 min read

Sri Lanka's monetary meltdown will accelerate unless quick action is taken: Bellwether

Debt re-structuring to reduce gross financing needs will help

Bellwether
August 18, 2021 19 min read
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