Category: Money

Feb. 21 (LBO) — Sri Lanka’s Central Bank is preparing to issue two new coins commemorating the 2550th ‘Bhuddha Jayanthi’, a top official of the Religious Affairs Ministry said Tuesday.The ministry of religious affairs says one coin would be high value commemorative coin while the other would be released into circulation. The coins issued in […]

Feb 20 (LBO) – Money changers who lost their license have been given a second chance by the Central Bank to continue their business. Five money changers who lost their license have been given till February 28 to put up the extra Rs.9 million to meet the enhanced capital of Rs.10 million, the Central Bank’s […]

Feb. 17 (Dow Jones)– Sri Lanka wants to float an international bond this year to gauge market response as well as see if it can raise debt at a reasonably low interest rates, the treasury secretary said Thursday. The treasury is awaiting a response from Citibank advising on the size of the issue, which could […]

Feb. 16 (LBO) – Sri Lanka’s Central Bank Thursday stayed put on policy rates for the second straight month, as it expects the 25-basis point hike last December to put the brakes on money supply growth. Overnight repurchase rate remains at 8.75 percent and the reverse repurchase rate stays at 10.25 percent, the bank said […]

Feb. 16 (LBO) – Sri Lanka’s Central Bank Thursday stayed put on policy rates for the second straight month, as it expects the 25-basis point hike last December to put the brakes on money supply growth. Overnight repurchase rate remains at 8.75 percent and the reverse repurchase rate stays at 10.25 percent, the bank said […]

Jan. 17 (LBO) — Sri Lanka’s Central Bank Tuesday left its benchmark interest rates unchanged at current levels as it expects the previous month’s rate hike to slowdown money supply growth.Jan. 17 (LBO) — Sri Lanka’s Central Bank Tuesday left its benchmark interest rates unchanged at current levels as it expects the previous month’s rate […]

Sri Lanka has raised a 100-million-dollar loan from foreign banks to help pay hefty oil import bills that threaten to blow a hole in the country’s balance of payments, the Central Bank said Wednesday. Sri Lanka has raised a 100-million-dollar loan from foreign banks to help pay hefty oil import bills that threaten to blow […]

Sri Lanka has doubled the face value of its highest denomination currency note in a bid to meet the expanding needs of the economy, the Central Bank said Friday. Sri Lanka has doubled the face value of its highest denomination currency note in a bid to meet the expanding needs of the economy, the Central […]

Ending years of haggling, Sri Lanka’s Central Bank has given its blessings to allow secondary market trading of government securities on the specialised debt exchange system, DEX.Ending years of haggling, Sri Lanka’s Central Bank has given its blessings to allow secondary market trading of government securities on the specialised debt exchange system, DEX. Owned by […]

Sri Lanka’s Central Bank raised its key interest rates by quarter basis points for the fourth time on Thursday to reign in inflation and curb monetary expansion.Sri Lanka’s Central Bank raised its key interest rates by quarter basis points for the fourth time on Thursday to reign in inflation and curb monetary expansion. The repurchase […]

Sri Lanka’s Central Bank raised its key interest rates by quarter basis points for the fourth time on Thursday to reign in inflation and curb monetary expansion.Sri Lanka’s Central Bank raised its key interest rates by quarter basis points for the fourth time on Thursday to reign in inflation and curb monetary expansion. The repurchase […]

Sri Lanka’s borrowing costs were flat at this week’s treasury bill auction, as against the previous week’s sale, the Central Bank said Wednesday.Sri Lanka’s borrowing costs were flat at this week’s treasury bill auction, as against the previous week’s sale, the Central Bank said Wednesday. The bank re-issued Rs. 9,988 million worth of bills, but […]