Notable
Trade cannot cause monetary troubles. Monetary troubles are caused by flawed 'monetary policy'.
Sri Lanka can cut or remove policy floor but should not print money for a mid corridor or single rate
Cutting VAT without changing the law to display tax separately may lead to them from being pocketed by businesses
A central bank with 'instrument independence' can print money at will
US has complex problems ranging from fiscal to monetary, and any disruption to America tends to have ripple effects
The buffer is not foreign reserves as the IMF and macroeconomists imagine, it is the interest rate
Forcing food importers to use LCs can create food shortages.
Steep rate hikes are needed to save the rupee
A flexible exchange rate fails because it is not rule bound
Monetary fiscal co-ordination comes from an International Monetary Fund
Sterilized currency defence, without an accompanying rise in rates, spells disaster
At the current policy rates and sterilization of interventions, forex problems will not get better
The proposal to import cars with dollar earnings and pay taxes in dollars is absolutely correct
A Bellwether FAQ on the dangerous lack of note-issue banking know-how
In all years with inflationary policy, debt after foreign reserves went up
Debt re-structuring to reduce gross financing needs will help
| 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 |
| 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 |
| 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 |
| 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 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
Diocletian minted in copper in plenty what was scarce in silver, Sri Lanka is pumping liquidity in paper
Mercantilist fallacies have devasted countries at peace
'A new type of superstition has got hold of people's minds, the worship of the state'
Sri Lanka's central bank is running out of reserves, a part of the remaining reserves are tied up in swaps, the country ...
In Sri Lanka politicians are blamed for the country's economic ills and rising default risk, but it is only partly their...
Sri Lanka is facing a monumental state failure after denying economic and civil freedoms for decades
The question is often asked whether Sri Lanka do without an International Monetary Fund program. It is certainly possi...
Sri Lanka is heading for one of the biggest economic challenges in its history in 2021, with the central bank printing m...
Trade controls are coming back, with the Prebisch Springer hypothesis
Sri Lanka was at one time talking about trying to be a Singapore, and then a Malaysia, and now it is talking about tryin...
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