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Monday November 9th, 2026
Bellwether

Sri Lanka is recovering, but threats from central bank, US policy

At the moment the central bank is providing monetary stability seen in the exchange rate and inflation

January 22, 2024 14 min read

Why the IMF is hated now and is backing bad money in Sri Lanka and Latin America

Before the Second Amendment IMF could

December 19, 2023 13 min read

Sri Lanka VAT increase is better than killing economic freedoms with income tax

Tax slabs should keep pace with inflation, dependent allowances should be considered

November 9, 2023 7 min read

Sri Lanka's deficit lie: the inflationist narrative that leads to currency crises and default

Deficits do not rise much in the year that a currency crisis is triggered, but in the stabilization year

October 23, 2023 12 min read
Sri Lanka should stop blocking export diversification, victimizing services after Trump tariff

There are quick fixes and numerous longer term reforms that can fundamentally change the country

Sri Lanka current account turns to deficit in 4Q after printing money

The 4Q events were a dress rehearsal of what would happen later when private credit picks up

Cardinal Goma, Upali thero and Sri Lanka's fascist nationalism: Bellwether

Ethno-religious fascist forces are again in the ascendancy in Sri Lanka helped by an economic downturn triggered by mone...

Bellwether
August 31, 2018 13 min read

What Sri Lanka can do to improve the credibility of its dollar soft-peg: Bellwether

Sri Lanka's Central Bank is forced to collect forex reserves to be able to pay off government debt when necessary and me...

Bellwether
August 6, 2018 11 min read

Sri Lanka is recovering, Central Bank threat looms: Bellwether

Sri Lanka is on a recovery path, and this is the time when commercial bank credit picks up, the Central Bank cuts rates ...

Bellwether
June 20, 2018 12 min read

Sri Lanka's devaluationist REER targeting is a tiger's tail

With the rupee hitting new lows against the US dollar, driven by a REER-targeting devaluationist policy to hurt wage ear...

Bellwether
May 31, 2018 10 min read

Sri Lanka needs real ministers, a real cabinet and a Prime Minister to play monitor: Bellwether

Corruption in Sri Lanka's governments is partly due to the lack of an independent public service and permanent secretari...

Bellwether
April 23, 2018 6 min read

Sri Lanka's UNP pays the price for currency depreciation, REER targeting: Bellwether

Sri Lanka's central bank and policymakers of the United National Party sowed the wind from 2015, printing money to destr...

Bellwether
March 23, 2018 18 min read
2

Sri Lanka's economic nationalism on tiles backfires on tea: Bellwether

Classical liberal economists have long argued that free trade leads to peace and economic nationalism and protectionism ...

Bellwether
February 9, 2018 7 min read

Sri Lanka's Central Bank should sell own securities in new credit cycle: Bellwether

Sri Lanka's credit is now slowing (compared to total deposits raised), allowing the central bank to easily purchase doll...

Bellwether
December 27, 2017 7 min read

Shocking parallels in abolishing slavery and protectionist exploitation in Sri Lanka: Bellwether

A story doing round in Colombo these days is that when Sri Lanka's captains of rent - sorry industry - were asked about ...

Bellwether
December 4, 2017 11 min read

Sri Lanka's new trade policy has deadly Mercantilist myths: Bellwether

Sri Lanka's new trade policy published in the ministry of development strategies and international trade says a lot of h...

Bellwether
November 21, 2017 12 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 331.7485 330.8514
UK Pound 443.7468 438.3450
Euro 372.5204 371.0168
Yen 2.0969 2.0916
Aus Dollar 233.0533 231.1659
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.4948 3.4202
Korean Won 0.2499 0.2479
Oman Rial 861.6397 859.3320
Saudi Riyal 88.4403 88.0955
UAE Dirham 90.3209 90.0766
Source: Central Bank/Indicative
pts %
S&P SL20 5,656.91 -0.43%
CSE All Share 19,927.30 -0.28%
Turnover Rs 1457.79 million 1193.67 million
Source: CSE
Latest Last
3-m bill 7.61 7.84
6-m bill 7.91 8.26
12-m bill 8.23 8.3
3-yr bond 9.24 9.25
5-yr bond 9.82 9.56
8-yr bond 10.50 10.48
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
Gilt Repo 7.74 7.72
I-m SLIBOR - -
Source: Central Bank/Indicative

Tuk-tuk, school van regulation in Sri Lanka can create a bus-style fiasco - Bellwether

Sri Lanka’s rulers and bureaucrats are planning to poke their itchy interventionist fingers on taxis and school v...

Bellwether
September 25, 2017 16 min read

Sri Lanka may be heading for a triple anchor, 'inflation targeting' oxymoron: Bellwether

Under planned ‘flexible inflation targeting’, Sri Lanka is supposed to target an inflation index, intervene...

Bellwether
August 28, 2017 23 min read

Protectionist taxes plunder the weak, destroying potential new jobs in Sri Lanka

Sri Lanka is planning an 'anti-dumping' law to protect businessmen from exercising their power in markets. Anti-dumping ...

Bellwether
July 14, 2017 10 min read

Sri Lanka's Weimar Republic factor is inviting dollar sovereign default: Bellwether

A grave new risk had emerged to Sri Lanka's monetary stability and sovereign credit with the Treasury pressuring the cen...

Bellwether
May 26, 2017 13 min read

Sri Lanka haunted by illiberal ghosts of Mahinda Chinthana amid drought

Sri Lanka is facing several headwinds, amid talk of an impending economic crisis, which is coming from excessive relianc...

April 4, 2017 13 min read

Sri Lanka's milch cow of an improvident state: a nightmare central bank prophesy that came true

.

Bellwether
March 3, 2017 13 min read

Deadly interventions from Sri Lanka's Yahapalanomics vie with Trumponomics: Bellwether

Sri Lanka’s Yahapalanaya administration has tarnished the United National Party’s reputation for good econ...

Bellwether
February 6, 2017 11 min read

Lessons for Sri Lanka as Trump, Brexiters ride nationalist hate wave in the West: Bellwether

Nationalist hate is once again rising in the West, as shown by Brexit and Donald Trump amid an economic downturn while S...

Bellwether
December 14, 2016 9 min read

Sri Lanka should never again demonetize like India, giving reasons to trust the dollar: Bellwether

India's rulers suddenly demonetised 500 and 1000 rupee notes on November 08, making them valueless, supposedly to draw '...

Bellwether
November 9, 2016 5 min read

Sri Lanka's prerogative tax impunity checked in Magna Carta moment

When King John imposed yet another scutage, the main tax of the times that was the basis of a feudal serfdom, on the bar...

Bellwether
November 7, 2016 7 min read