An Echelon Media Company
Saturday December 4th, 2021
Bellwether

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

Mercantilist fallacies have devasted countries at peace

2 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'

2 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 ...

2 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...

2 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

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Sri Lanka had stability until July 2019 with cash withdrawn by the central bank to keep a soft-peg with the US dollar un...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

Sri Lanka should phase out term repo deals and allow rates to fall: Bellwether

Sri Lanka's should phase out term repurchase deals now that bank credit has slowed, allowing the central bank to be a ne...

Bellwether

7 min read

Hayek's warning: lost generation economics kill Sri Lanka's social market economy attempt: Bellwethe...

Sri Lanka's Central Bank which has printed tens of billions of rupees in 2018 to boost economic activity artificially ju...

Bellwether

15 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 200.4453 201.9333
UK Pound 266.3818 268.6420
Euro 226.4030 228.9217
Aus Dollar 141.6848 143.6755
Yen 1.7720 1.7865
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6730 2.6917
Korea Won 0.1699 0.1714
Oman Rial 520.6304 524.4953
Saudi Riyal 53.4321 53.8259
UAE Dirham 54.5712 54.9763
Source: Central Bank/Indicative
pts %
S&P SL20 3,909.34 0.86%
CSE All Share 11,252.30 -0.27%
Turnover Rs million. 2,191,558,044.10 11,075,225,300
Source: CSE
Latest Last
3-m bill 7.56 7.63
6-m bill 7.91 7.88
12-m bill 8.25 8.16
5-yr bond 10.56 10.58
8-yr bond 11.21 11.20
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

Sri Lanka goes from boom-bust to bust-bust with soft-peg: Bellwether

Sri Lanka is going from boom-bust to bust-bust in this credit cycle despite the injection of excess demand into the econ...

Bellwether

12 min read

Productive workers in Sri Lanka trapped between neo-serfdom and Samurai graduates: Bellwether

Sri Lanka's toiling workers in the private sector who stand on their own feet are an unfortunate lot, caught between a n...

Bellwether

10 min read

Sri Lanka has to reform soft-peg to avoid monetary instability, default: Bellwether

In 2018 instability generated by an inconsistent monetary policy framework not only killed a nascent economic recovery t...

Bellwether

15 min read

What went wrong; Sri Lanka's illiberal economics and unsound money : Bellwether

Sri Lanka's United National Party has well and truly lost its reputation for economic management during three and a half...

Bellwether

12 min read

Sri Lanka is not Greece, it is a Latin America style soft-peg: Bellwether

There are pronouncements that Sri Lanka is like Greece from both sides of the political divide, but that is not correct....

Bellwether

15 min read

Sri Lanka and Ecuador; a cautionary tale of the Rupee and Sucre: Bellwether

Sri Lanka'S rupee has fallen with amid two liquidity spikes in 2018 just as the economy started to recover, underlining ...

Bellwether

17 min read

Sri Lanka risks instability, stagflation by being in unstable soft-peg group: Bellwether

Sri Lanka's permanent currency depreciation worsened by periods of greater weakness is putting the country in the danger...

Bellwether

16 min read

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

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

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

12 min read