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Monday November 9th, 2026
Bellwether

IMF report brings dedollarization politics to Sri Lanka

Dedollarization and monetary policy modernization could turn the latest export powerhouse, Cambodia into a Sri Lanka

October 7, 2024 7 min read

In Sri Lanka deflation was common before the policy rate, IMF Second Amendment: Bellwether

Sri Lanka's inflation was the same as the US, before IMF's Second Amendment misled macroeconomists into bad anchors

October 1, 2024 6 min read

Sri Lanka told to go for single policy rate by IMF, target middle corridor rate

Exchange controls and depreciation, is sad indictment of a knowledge gap in the 'age of inflation'.

September 26, 2024 8 min read

Sri Lanka's central bank is 'independent' and only answerable to the IMF

The tragedy of the ungovernable third world with unsound money

September 11, 2024 23 min read
Sri Lanka Treasury should buy its own dollars to settle debt and avoid second default

Sri Lanka has to de-risk the economy from inflationism to maintain stability

What is wrong with Sri Lanka's flexible exchange rate

Sri Lanka flexible exchange rate gives profits to banks, losses to a nation

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

Bellwether
August 13, 2021 5 min read

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

Mercantilist fallacies have devasted countries at peace

Bellwether
August 11, 2021 21 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'

Bellwether
July 30, 2021 7 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 ...

Bellwether
April 19, 2021 25 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...

Bellwether
March 15, 2021 23 min read

How to fix Sri Lanka's debt crisis, unstable peg, avoid sudden stop event: Bellwether

Sri Lanka is facing a monumental state failure after denying economic and civil freedoms for decades

Bellwether
February 24, 2021 25 min read
3

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...

Bellwether
February 22, 2021 11 min read
1

Sri Lanka facing 2021 with reckless MMT, stimulus mania: Bellwether

Sri Lanka is heading for one of the biggest economic challenges in its history in 2021, with the central bank printing m...

Bellwether
January 26, 2021 15 min read

Why Sri Lanka cannot be a Singapore, a Chief Festus budget: Bellwether

Trade controls are coming back, with the Prebisch Springer hypothesis

Bellwether
December 21, 2020 18 min read
5

Why Sri Lanka cannot be a Vietnam, Coronavirus response: Bellwether

Sri Lanka was at one time talking about trying to be a Singapore, and then a Malaysia, and now it is talking about tryin...

December 1, 2020 10 min read
5
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

Sri Lanka constitution making: how democracy does not equal freedom: Bellwether

In Sri Lanka when the elected ruling class tries to amend the constitution and amass greater power at the expense of ind...

Bellwether
October 19, 2020 13 min read

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

Bellwether
September 8, 2020 19 min read
1

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...

Bellwether
August 26, 2020 10 min read
1

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
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...

Bellwether
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

Bellwether
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...

Bellwether
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...

Bellwether
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
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