Sri Lanka’s official reserves remain at USD 4bn level by the end of June
Sri Lanka’s official reserves were 4 billion US dollars (USD 4,027.9mn) by the end of June, unchanged from 4 billion US dollars (USD 4,032.8mn) in May, the …
Forex
Sri Lanka restricts outward remittances for 6 months to preserve foreign exchange position
With a view to assist and maintain the financial system stability by minimizing the pressure on the exchange rate and preserving the foreign currency reserve …
Chamber Academy to host webinar on Revision of Forex Regulations & its Implications
The Chamber Academy, the knowledge arm of the Ceylon Chamber of Commerce has joined hands with Hutchison Telecommunications Lanka (Pvt) Ltd and London Stock …
Sri Lanka’s official reserves down to USD 4bn by end May; YTD rupee depreciation 6.7-pct
Sri Lanka’s official reserves were 4 billion US dollars (USD 4,018.1mn) by the end of May, down from 4.5 billion US dollars in April, the latest Central Bank …
Central Bank invites private sector to raise offshore funding; zero-cost swap facility available
Sri Lanka’s Central Bank with a view of encouraging foreign currency inflows to the country, invites the private sector to pursue avenues to raise …
Sri Lanka secures USD 500Mn concessional financing from Republic of Korea
In order to further strengthen the economic cooperation between two countries, the Government of Republic of Korea has agreed to provide concessional loans …
Sri Lanka’s gross official reserves estimated at USD 4.5bn at end April 2021
Sri Lanka’s official reserves were 4.5 billion US dollars (USD 4,476.5mn) by the end of April, up from 4.1 billion US dollars in March, the latest Central …
Sri Lanka’s Central Bank simplifies foreign exchange regulations
Sri Lanka’s Central Bank has revised regulations issued under the Foreign Exchange Act, No. 12 of 2017 (FEA) for further simplification and clarity …
Sri Lanka rupee strengthened against the US dollar
The Sri Lanka rupee further strengthened against the US dollar yesterday, on positive outlook for inflows. The selling rate was quoted at 191.97 rupees for a …
China Development Bank signs USD 500Mn Financing Facility Agreement with Sri Lanka
China Development Bank (CDB) and Sri Lankan Finance Ministry on Monday signed USD 500 Million Foreign Currency Term Financing Facility (FTFF), which is the …
Rupee dips further; domestic players dominate equity market
Forex Market The USD/LKR TT buying and selling exchange rates on 8th April 2021 were marked at LKR.199.21 and LKR.203.5 respectively. The indicative USD spot …
Sri Lanka’s gross official reserves estimated at USD 4.1bn at end March 2021
Sri Lanka’s gross official reserves were estimated at US dollars 4.1 billion (excluding the swap facility with the PBOC), with an import cover of 3 …
Govt has no intention to tarnish its unblemished debt service record, CBSL clarifies reports
The Government has no intention to tarnish its unblemished debt service record by delaying the settlement of maturing debt obligations, the Central Bank …
Sri Lanka’s official reserves down to USD 4.5bn by end Feb; YTD rupee depreciation 5.2-pct
Sri Lanka’s official reserves were 4.5 billion US dollars (USD 4,555.7mn) by the end of February, down from 4.8 billion US dollars in January, the latest …
Asia Securities reiterates view of no sovereign default; swap conclusion a confidence booster
In a report issued today, the research arm of leading independent Investment Banking firm Asia Securities, reiterated that it does not see a risk of sovereign …
Central Bank & IFC launch Sri Lanka’s first National Financial Inclusion Strategy
Sri Lanka’s first National Financial Inclusion Strategy (NFIS), launched today, aims to make financial services more accessible, efficient, and affordable …
Recent volatility on yields of government securities is unwarranted: CBSL
Certain market interest rates, such as yields on government securities, have shown unwarranted volatility recently, which is not in line with monetary policy …
Veemansa Initiatives’ discussion on ‘external debt situation in Sri Lanka
Delivering the keynote address on the topic, External Debt Situation in Sri Lanka: Our Route to Resolution, the Governor of the Central Bank, Deshamanya …
Economy at a glance for 2020:Double whammy blow
Highlights ICRA Lanka estimates Sri Lanka’s GDP growth rate in 2020 to be -4%. In addition, our estimates indicate industry, services, and agricultural …
Central Bank updates rules for export proceeds & conversion of them into Sri Lanka Rupees
The Monetary Board of Sri Lanka’s Central Bank has issued rules as published in the Gazette Extraordinary No. 2215/39 in respect of receipt of export …