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Wednesday June 29th, 2022
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It is through open market operations that money is printed to mis-target interest rates
The absolute discretion to print money through flexible inflation targeting cum output gap targeting has to be blocked
Forcing food importers to use LCs can create food shortages.
Led by garment exports Bangladesh graduating from Least Developed status
The latest viral video is a Sinhala version of the anti-Fascist Anthem known by its original Italian title BellaCia
Steep rate hikes are needed to save the rupee
A flexible exchange rate fails because it is not rule bound
Monetary fiscal co-ordination comes from an International Monetary Fund
Sterilized currency defence, without an accompanying rise in rates, spells disaster
At the current policy rates and sterilization of interventions, forex problems will not get better
The proposal to import cars with dollar earnings and pay taxes in dollars is absolutely correct
Trade and industrial policies complement each other
Pressure from various groups primarily the Catholic Church for answers rattles the government
Protests over several issues including the Easter Sunday probe magnify economic troubles
A Bellwether FAQ on the dangerous lack of note-issue banking know-how
| Latest | Last | |
|---|---|---|
| US Dollar | 367.2255 | 367.4039 |
| UK Pound | 452.1949 | 452.7893 |
| Euro | 389.8785 | 389.4918 |
| Aus Dollar | 256.3767 | 256.4772 |
| Yen | 2.7277 | 2.7394 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 4.5882 | 4.6034 |
| Korea Won | 0.2797 | 0.2807 |
| Oman Rial | 934.7931 | 935.8320 |
| Saudi Riyal | 95.8864 | 95.9981 |
| UAE Dirham | 97.9826 | 98.0915 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,336.44 | -1.88% |
| CSE All Share | 7,451.91 | -1.87% |
| Turnover Rs million | 815,332,807 | 1,423,365,059 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 19.88 | 19.95 |
| 6-m bill | 20.76 | 20.17 |
| 12-m bill | 21.12 | 21.81 |
| 5-yr bond | 19.79 | 19.87 |
| 8-yr bond | 20.46 | 20.14 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 14.50 | 14.50 |
| Gilt Repo | 14.50 | 14.50 |
| I-m SLIBOR | - | - |
Midnight Rambler: Sympathy for the Devil in Your Garden
In all years with inflationary policy, debt after foreign reserves went up
Debt re-structuring to reduce gross financing needs will help
Diocletian minted in copper in plenty what was scarce in silver, Sri Lanka is pumping liquidity in paper
Mercantilist fallacies have devasted countries at peace
Skills cultivated through mindfulness include awareness, scientific observation, empathy, equanimity, and compassion.
'A new type of superstition has got hold of people's minds, the worship of the state'
Footage showed the Moratuwa MOH engaged in a heated argument with Fernando, objecting to his demeanour
Debate on the bill is scheduled for this week
Sri Lanka presents a façade of a functioning legal system
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