An Echelon Media Company
Friday January 21st, 2022
Bellwether

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 ...

3 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...

3 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...

3 min read

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...

3 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 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

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

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Latest Last
US Dollar 201.0530 201.9442
UK Pound 273.9247 274.7249
Euro 228.2856 228.6917
Aus Dollar 145.4317 145.2585
Yen 1.7595 1.7610
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7009 2.7080
Korea Won 0.1687 0.1694
Oman Rial 522.2088 524.5236
Saudi Riyal 53.5941 53.8245
UAE Dirham 54.7373 54.9800
Source: Central Bank/Indicative
pts %
S&P SL20 4,623.95 0.12%
CSE All Share 13,462.39 0.04%
Turnover Rs million. 2,191,558,044.10 5,566,542,126
Source: CSE
Latest Last
3-m bill 7.91 7.84
6-m bill 8.18 8.12
12-m bill 8.37 8.29
5-yr bond 10.93 10.69
8-yr bond 10.93 11.52
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

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

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

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

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

18 min read

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

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

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

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

12 min read

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

16 min read