An Echelon Media Company
Wednesday June 29th, 2022
Opinion

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

June 15, 2022 13 min read
2

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

June 1, 2022 12 min read
2

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

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May 11, 2022 1 min read
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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
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Bangladesh a surprising economic success

Led by garment exports Bangladesh graduating from Least Developed status

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

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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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
1

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
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
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
Source: Central Bank/Indicative
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
Source: Central Bank/Indicative
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
Source: CSE
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
Source: Central Bank/Indicative
today yesterday
Overnight Money 14.50 14.50
Gilt Repo 14.50 14.50
I-m SLIBOR - -
Source: Central Bank/Indicative

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

Sri Lanka Minister follows Diocletian after printing money, but stops short of death penalty

Diocletian minted in copper in plenty what was scarce in silver, Sri Lanka is pumping liquidity in paper

Bellwether
August 13, 2021 5 min read

Sri Lanka economy bought to tipping point by monetary fallacies: Bellwether

Mercantilist fallacies have devasted countries at peace

Bellwether
August 11, 2021 21 min read

Military training: Misguided, Counterproductive, and Against Buddhist Values.

Skills cultivated through mindfulness include awareness, scientific observation, empathy, equanimity, and compassion.

Nipuna Kumbalathara.
July 31, 2021 7 min read

Sri Lanka to pick losers as omniscient elites drive interventionism to extremes: Bellwether

'A new type of superstition has got hold of people's minds, the worship of the state'

Bellwether
July 30, 2021 7 min read

Moratuwa vaccine hijack attempt: Sri Lanka police arrest mayor

Footage showed the Moratuwa MOH engaged in a heated argument with Fernando, objecting to his demeanour

Imesh Ranasinghe
May 28, 2021 2 min read

Sri Lanka's sovereignty and Port City Commission Bill - an analysis

Debate on the bill is scheduled for this week

May 18, 2021 12 min read

Sri Lanka state fails in the core business: administration of justice

Sri Lanka presents a façade of a functioning legal system

Rohan Samarajiva
May 14, 2021 12 min read
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