Category: Money
‘s outstanding public debt stands at Rs7.9 trillion
July 30, 2015 (LBO) – Sri Lanka’s total outstanding public debt including debt taken by state enterprises was 7,959,939 million rupees as at the beginning of the month of July 2015, cabinet spokesman Rajitha Senaratne said.Treasury Bonds stands at 3,629,903 million rupees where as treasury bills was 796,031 million rupees.Domestic debt was 5,313,713 million rupees […]
Fed keeps key interest rates unchanged after policy meeting
July 30, 2015 (LBO) – The United States Federal Reserve on Wednesday stayed quiet on key rate hike saying economic conditions warrant keeping the target federal funds rate below levels the Fed views as normal in the longer run. “The Committee anticipates that it will be appropriate to raise the target range for the federal […]
Fitch Ratings to host Sri Lanka investment fund and asset management forum
July 10, 2015 (LBO) – Fitch will host an investment fund and asset management forum in Sri Lanka in September, the rating agency said in a statement. “Leading market participants, including issuers, investors, and bankers, will discuss developments in the asset management industry globally both in terms of asset classes and regulatory developments,” the statement […]
Sri Lanka government foreign borrowings at Rs137bn; Rs316bn to borrow
July 06, 2015 (LBO) – Sri Lanka’s government has already borrowed 137 billion rupees and plans to borrow another 316 billion rupees before the end of this year, Dr.Harsha de Silva said. As per the revised budget approved by the Parliament this year, 258 billion rupees is to be raised through foreign borrowings and another […]
Sri Lanka gross borrowings down 22.5-pct from Jan to Apr 2015
July 03, 2015 (LBO) – Sri Lanka’s government debt operations indicated total gross borrowing as 569.8 billion rupees during the first four months of this year, down 22.5 percent from the same period last year. Out of the total, 530.6 billion rupees was domestic borrowings and balance 39.2 billion rupees was the foreign borrowings, 2015 […]
Sri Lanka gross official reserves at USD7.6bn this week: Central Bank
June 26, 2015 (LBO) – Sri Lanka’s gross official reserves are estimated to have increased to 7.6 billion US dollars as of 22 June 2015, and expected to stabilize at comfortable levels in the coming months, the Central Bank said.Proceeds of the latest international sovereign bond, Sri Lanka development bonds and the currency swap arrangement […]
Central Bank says currency issue valid and reclarifies appointment of Governor
June 24, 2015 (LBO) – Sri Lanka’s Central Bank on Wednesday reclarified the validity of the appointment of the present governor and validity of the currency notes issued by the Bank on 04 February 2015.The press release issued by the Central Bank is reproduced below. VALIDITY OF THE GOVERNOR’S APPOINTMENT AND THE CURRENCY NOTES ISSUED […]
‘s Central Bank to have $1.1bn currency swap extension from India
Apr 23, 2015 (LBO) – Sri Lanka’s Central Bank is to enter into an agreement with India to extend its currency swap facility by 1.1 billion US dollars. The union cabinet chaired by the Indian Prime Minister on Wednesday gave its ex-post-facto approval for entering into an agreement with the Sri Lankan Central Bank for […]
Steady Flow
Treasury bill yields remained flat at Mondays auction signaling a steady outlook for short-term interest rates.The Central Bank offered and accepted bids for Rs.7,797 mn, though the auction was received bids for Rs.16,242 mn.rn rnThe bank retired Rs. 2,500 mn worth of bill that retired this week.rn rnThree-month yields slipped 200 basis points to 7.77 […]