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Monday September 25th, 2023
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Countries where inflationists cannot engage in macro-economic policy with money printing have low debt
Law will arbitrate on the truth or otherwise of various statements published online
The amendment was published on the government gazette on July 17
If parliament rubber stamps a 4-6-pct inflation target, a second default is more certain
The new central bank goal and objective are a personification of the impossible trinity of monetary policy objectives
Reserves can be collected by impoverishing the poor, or by taking in their savings
Sri Lanka rupee appreciation explained
From his axiom of ahimsa (non-violence), Gandhi derives two promising themes...
Mass sovereign default episode in the 1980s also followed a decade of bad money from the Fed
Converted budget support loans and conflicting PCs can lead to new external instability, discredit and derail reforms
There’s nothing ‘mad’ about March
The new law appears to have brought back policy conflicts dropped in a previous amendment
The inclusion of extensive macro-prudential laws is an admission that money is bad
A strike planned on March 01
IMF should stop the promotion of impossible trinity regimes with spurious claims to monetary policy independence
Call from Goh, Shenoy to provide sound money discarded in favour of depreciation, flexible regimes
| Latest | Last | |
|---|---|---|
| US Dollar | 330.2942 | 315.1016 |
| UK Pound | 429.0139 | 401.1871 |
| Euro | 372.1704 | 343.1959 |
| Aus Dollar | 227.2526 | 211.5951 |
| Yen | 2.3820 | 2.1908 |
| 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 |
| 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 |
| 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 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 13.93 | 14.00 |
| Gilt Repo | 13.50 | 14.00 |
| I-m SLIBOR | - | - |
Care should be taken to make sure that excess liquidity does not re-emerge from fictitious capital
"Financing SDGs has become the biggest challenge for Sri Lanka"
Singapore has 5,000 shipping agencies and have 140 shipping lines headquarters
The aragalaya has a lit a lamp for free expression
In 1968 with Bretton Woods soft-peg hanging on a thread, advantages of currency board had become clear
Aims to make the public service more independent
That BOP deficits and reserve losses are caused by money printing is now hidden and victims are blamed
In India, religion and socialism commingle and collide.
"The cabinet will be briefed very soon once he received all the details."
Fear of a DDR/IFR event drive rates even higher
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