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Saturday December 3rd, 2022

Sri Lanka has to hike rates, ensure monetary fiscal co-ordination to help rupee: Bellwether

Monetary fiscal co-ordination comes from an International Monetary Fund

March 10, 2022 4 min read

Sri Lanka use of reserves for imports is a deadly false choice: Bellwether

Sterilized currency defence, without an accompanying rise in rates, spells disaster

January 31, 2022 17 min read

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

January 18, 2022 16 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

December 21, 2021 16 min read
Sri Lanka's central bank needs accountability and restraint, not independence: Bellwether

The absolute discretion to print money through flexible inflation targeting cum output gap targeting has to be blocked

Sri Lanka can trigger food shortages as in medicines with new trade controls: Bellwether

Forcing food importers to use LCs can create food shortages.

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

September 8, 2020 19 min read

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...

August 26, 2020 10 min read

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...

July 23, 2020 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...

May 10, 2020 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 ...

February 26, 2020 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...

November 27, 2019 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...

August 27, 2019 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...

July 30, 2019 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...

July 2, 2019 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...

June 20, 2019 25 min read
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Latest Last
US Dollar 371.7757 371.7599
UK Pound 442.7119 438.8584
Euro 387.1945 385.3880
Aus Dollar 253.0234 251.0798
Yen 2.6686 2.6603
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4818 4.4863
Korea Won 0.2748 0.2747
Oman Rial 944.1068 944.1068
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.9627 98.9627
Source: Central Bank/Indicative
pts %
S&P SL20 2,464.20 -3.19%
CSE All Share 8,087.04 -2.47%
Turnover Rs million 1,626,658,918 1,576,314,848
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

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...

May 29, 2019 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...

May 9, 2019 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...

March 25, 2019 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...

February 17, 2019 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...

February 15, 2019 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...

January 28, 2019 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.

December 26, 2018 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 ...

November 16, 2018 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...

October 15, 2018 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...

August 31, 2018 13 min read