Notable
Benefits from GenAI are hindered by low digital literacy and utilisation by businesses, says Institute of Policy Studies
These solutions are not a substitute for sound money, but can reduce loss of market access
Remembering my friend Harry on his 83rd Birthday
US has complex problems ranging from fiscal to monetary, and any disruption to America tends to have ripple effects
More closely the single policy rate is targeted the, the bigger the crisis Sri Lanka will have
How did money become so bad and so unstable in this century
In 1968 with Bretton Woods soft-peg hanging on a thread, advantages of currency board had become clear
Aims to make the public service more independent
That BOP deficits and reserve losses are caused by money printing is now hidden and victims are blamed
In India, religion and socialism commingle and collide.
"The cabinet will be briefed very soon once he received all the details."
Fear of a DDR/IFR event drive rates even higher
Indian billion dollar credit line also works Undiyal fashion
A series of detailed proposals
It is through open market operations that money is printed to mis-target interest rates
The absolute discretion to print money through flexible inflation targeting cum output gap targeting has to be blocked
| 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 | - | - |
Forcing food importers to use LCs can create food shortages.
Led by garment exports Bangladesh graduating from Least Developed status
The latest viral video is a Sinhala version of the anti-Fascist Anthem known by its original Italian title BellaCia
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
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