Sri Lanka’s Cabinet Spokesman Denies New Currency Printing Amid Rising Liquidity Concerns
Sri Lanka has not printed new banknotes, as confirmed by cabinet spokesman Vijitha Herath, who highlighted the absence of currency notes bearing the.
Economics
Finance
Sri Lanka Banking System Repays Debt and Builds FX Reserves of US$7.4 Billion Since Default
Since Sri Lanka’s selective default in April 2022, the country’s banking system, including the central bank and commercial banks, has repaid or built.
- October 15, 2024
Economics
Sri Lanka’s Private Credit Expands by Rs. 60 Billion in July 2024, SOE Credit Declines
Sri Lanka’s private sector credit expanded by Rs. 60 billion in July 2024, following a Rs. 74 billion rise in June, according to.
- September 9, 2024
Economics
Fitch Downgrades Maldives Credit Rating to ‘CC’ Amid Falling Reserves and Rising Debt
Fitch Ratings has downgraded the Maldives’ credit rating from CCC+ to CC, citing a decline in foreign reserves and the upcoming repayment of.
- September 2, 2024
Business
Sri Lanka to Introduce New Insolvency Bill for MSMEs
President Ranil Wickremesinghe has announced that a new bill will be introduced to address business bankruptcies, as it is not feasible to indefinitely.
- July 22, 2024