Notable
Sri Lankan President requested the Prime Minister to accord serious consideration to amicably resolve current impasse
Sri Lanka is facing external and domestic monetary headwinds in 2026
Unless nipped in the bud, currency depreciation will lead to political instability
Chung engaged in Sri Lanka for freedom of expression and to change anti US-sentiment narrative
If the monetary framework is flawed, a Treasury which is dependent on CB reserves can default with a budget surplus
Vietnam’s FTA network give it access to key markets including the EU, UK, Japan, Canada, Australia, China, South Korea
Food prices go up due to a combination of government controls and also money printing
To impose protective duties on foreign corn is infamous, it is to speculate on the famine of peoples
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
Unprecedented two-third majority for Dissanayake's NPP.
A central bank with 'instrument independence' can print money at will
Dedollarization and monetary policy modernization could turn the latest export powerhouse, Cambodia into a Sri Lanka
Under the occupation, Japan embarked on a transformative journey, witnessing profound reforms
Sri Lanka's inflation was the same as the US, before IMF's Second Amendment misled macroeconomists into bad anchors
| 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 | - | - |
Exchange controls and depreciation, is sad indictment of a knowledge gap in the 'age of inflation'.
The tragedy of the ungovernable third world with unsound money
In Sri Lanka and pegged countries, rate cuts also trigger outmigration as currencies collapse
Deeper haircuts are not a guarantee against future defaults
He will focus on making further progress on the outcome of Foreign Minister Kamikawa's visit to Sri Lanka
Outlawing central bank swaps should be a key measure in preventing a second default
Stabilization provide fertile grounds to elect the fringe
“Today’s anniversary is a grim reminder of the collective failure of the Sri Lankan authorities"
If it was, preventable, then why was it not?
Every time the US engaged in bad policy Sri Lanka was hit
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