Notable
Deloitte webinar unpacks the Companies (Amendment) Act No. 12 of 2025
EV users contribute less to state coffers
Under a five percent inflation target, Sri Lanka has suffered a series of currency crises and eventual default
An article by the FAO Representative for Sri Lanka and the Maldives
The high nominal interest rate which is a function of monetary instability and destruction of domestic capital
An Institute of Policy Studies blog analyses challenges and possibilities for Sri Lanka to reap demographic dividends
Law will arbitrate on the truth or otherwise of various statements published online
It is a shame that country with a 20-pct savings rate cannot maintain reserves and has to depreciate the currency
The amendment was published on the government gazette on July 17
If parliament rubber stamps a 4-6-pct inflation target, a second default is more certain
The new central bank goal and objective are a personification of the impossible trinity of monetary policy objectives
Reserves can be collected by impoverishing the poor, or by taking in their savings
Sri Lanka rupee appreciation explained
From his axiom of ahimsa (non-violence), Gandhi derives two promising themes...
Mass sovereign default episode in the 1980s also followed a decade of bad money from the Fed
Converted budget support loans and conflicting PCs can lead to new external instability, discredit and derail reforms
| Latest | Last | |
|---|---|---|
| US Dollar | 332.3603 | 330.8514 |
| UK Pound | 440.9424 | 438.3450 |
| Euro | 368.4879 | 371.0168 |
| Yen | 2.0805 | 2.0916 |
| Aus Dollar | 227.4342 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.5474 | 3.4202 |
| Korean Won | 0.2492 | 0.2479 |
| Oman Rial | 863.2287 | 859.3320 |
| Saudi Riyal | 88.5586 | 88.0955 |
| UAE Dirham | 90.4874 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 6,365.57 | +0.26% |
| CSE All Share | 22,157.40 | +0.56% |
| Turnover Rs | 2975.05 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 | - | - |
There’s nothing ‘mad’ about March
The new law appears to have brought back policy conflicts dropped in a previous amendment
The inclusion of extensive macro-prudential laws is an admission that money is bad
A strike planned on March 01
IMF should stop the promotion of impossible trinity regimes with spurious claims to monetary policy independence
Call from Goh, Shenoy to provide sound money discarded in favour of depreciation, flexible regimes
Care should be taken to make sure that excess liquidity does not re-emerge from fictitious capital
"Financing SDGs has become the biggest challenge for Sri Lanka"
Singapore has 5,000 shipping agencies and have 140 shipping lines headquarters
The aragalaya has a lit a lamp for free expression
Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/20) and Privacy Policy and Cookie Statement (updated 1/1/20). Your California Privacy Rights. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast. Ad Choices.
Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
© 2023 Echelon Media (PVT) Ltd. All Rights Reserved
4 min read