An Echelon Media Company
Tuesday January 25th, 2022
Bellwether

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

4 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

4 min read

Why Sri Lanka's rupee is depreciating creating currency crises: Bellwether

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

4 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

4 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

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

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

Mercantilist fallacies have devasted countries at peace

Bellwether

21 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

7 min read

Sri Lanka's central bank should guard against bankruptcy as Fed lights commodity fires

Sri Lanka's central bank is running out of reserves, a part of the remaining reserves are tied up in swaps, the country ...

Bellwether

25 min read

Sri Lanka debt crisis trapped in spurious Keynesian 'transfer problem' and MMT: Bellwether

In Sri Lanka politicians are blamed for the country's economic ills and rising default risk, but it is only partly their...

Bellwether

23 min read

How to fix Sri Lanka's monetary and debt crisis, avoid sudden stop event: Bellwether

Sri Lanka is facing a monumental state failure after denying economic and civil freedoms for decades, destroying Sri Lan...

Bellwether

5 min read

2

Solving Sri Lanka's debt and monetary crisis sans the IMF, like Japan, Malaysia: Bellwether

The question is often asked whether Sri Lanka do without an International Monetary Fund program. It is certainly possi...

Bellwether

11 min read

1

Sri Lanka facing 2021 with reckless MMT, stimulus mania: Bellwether

Sri Lanka is heading for one of the biggest economic challenges in its history in 2021, with the central bank printing m...

Bellwether

15 min read

Why Sri Lanka cannot be a Singapore, a Chief Festus budget: Bellwether

Sri Lanka aspired to be a Singapore after liberalizing trade and ending a closed economy of the 1970s, but it all failed...

Bellwether

18 min read

5

Why Sri Lanka cannot be a Vietnam, Coronavirus response: Bellwether

Sri Lanka was at one time talking about trying to be a Singapore, and then a Malaysia, and now it is talking about tryin...

10 min read

5

Sri Lanka constitution making: how democracy does not equal freedom: Bellwether

In Sri Lanka when the elected ruling class tries to amend the constitution and amass greater power at the expense of ind...

Bellwether

13 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 202.0323 202.0000
UK Pound 272.2486 273.9625
Euro 228.5692 228.9165
Aus Dollar 144.4430 145.1572
Yen 1.7757 1.7742
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7066 2.7147
Korea Won 0.1687 0.1692
Oman Rial 524.7524 524.6685
Saudi Riyal 53.8595 53.8509
UAE Dirham 55.0040 54.9952
Source: Central Bank/Indicative
pts %
S&P SL20 4,627.03 0.48%
CSE All Share 13,384.11 0.09%
Turnover Rs million. 2,191,558,044.10 18,423,459,791
Source: CSE
Latest Last
3-m bill 8.18 7.91
6-m bill 8.36 8.18
12-m bill 8.51 8.37
5-yr bond 11.26 10.93
8-yr bond 11.81 10.93
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.93 5.99
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

How Sri Lanka, Latin America was busted by Fed money doctors creating strongmen, anti-Americanism: B...

Sri Lanka's monetary instability, the rising cost of living, falling living standards and the resultant strikes, revolut

Bellwether

19 min read

1

Sri Lanka's triple shackles converge to slam economy in Coronavirus crisis: Bellwether

The three fetters that shackle Sri Lanka's economic growth, peace and general happiness; monetary instability, regime un...

Bellwether

10 min read

1

Sri Lanka's economic consequences of the peace; monetary instability and trade lockdown: Bellwether

While Sri Lanka defeated the Tamil Tigers in 2009 and the Coronavirus in 2020 – the battle is not yet over – it is r...

Bellwether

6 min read

Sri Lanka growth stalls, per capita GDP drops US$200 in 2019 after monetary instability

Sri Lanka's per person gross domestic product had dropped 227 dollars to 3,852 dollars in 2019 after a the latest curren...

Bellwether

10 min read

Sri Lanka battered by unceasing 'regime uncertainty: Bellwether

When the government changes ground rules and conditions or the operating regime suddenly, like in Sri Lanka, it is very ...

11 min read

Sri Lanka needs monetary discipline to avoid further downgrades: Bellwether

Sri Lanka will face credit downgrades and possible sovereign default of dollar debt unless the highly unstable discretio...

Bellwether

6 min read

President throws monkey wrench at Sri Lanka central bank reforms: Bellwether

Sri Lanka had stability until July 2019 with cash withdrawn by the central bank to keep a soft-peg with the US dollar un...

Bellwether

21 min read

Nick Leeson-style losses at Sri Lanka's CPC raise big questions: Bellwether

Finance Minister Mangala Samaraweera started a price formula in 2018 May just as fuel price started to spike, but the Ce...

Bellwether

10 min read

Sri Lanka's path to debt and destruction paved by currency collapse, REER targeting: Bellwether

The collapse of Sri Lanka's soft-pegged rupee, partly due to policy errors of the Central Bank and partly due to the fal...

14 min read

Islamic State pan-nationalism slams into ethno-religious hate in Sri Lanka: Bellwether

In Sri Lanka, indoctrination and hate targeting communities not considered to be the 'core-nation' as defined in ethno-r...

Bellwether

25 min read

1 2 3 4