Sri Lanka has not printed new banknotes, as confirmed by cabinet spokesman Vijitha Herath, who highlighted the absence of currency notes bearing the signature of the incumbent finance minister. During the weekly cabinet press briefing on Tuesday, October 29, Herath addressed rumors regarding the central bank’s liquidity injections, clarifying a misunderstanding between liquidity management and
Sri Lanka’s rupee strengthened slightly on Thursday, closing at 292.85/293.00 to the US dollar, improving from the previous day’s rate of 293.00/20, according to dealers. Bond yields remained steady ahead of the upcoming Treasury Bond auction scheduled for Friday, where the central bank plans to issue 95 billion rupees worth of bonds. A bond maturing
Sri Lanka’s rupee strengthened further on Monday, closing at 293.45/55 to the US dollar, compared to 294.00/50 the previous day, according to market dealers. Bond yields remained largely stable.
Sri Lanka’s rupee appreciated to open at 297.25/75 against the US dollar on Monday, strengthening from the previous day’s rate of 298.70/299.00, according to market dealers. Bond yields showed an upward trend, with notable increases across several maturities. A bond maturing on 15.12.2027 was quoted at 11.60/70 percent, up from 11.40/55 percent. Similarly, a bond
In August 2024, Sri Lanka’s national consumer prices eased to 1.1% year-on-year, down from 2.5% in July. This significant deceleration was driven primarily by declining food prices and reduced electricity tariffs, offering financial relief to consumers. On a month-to-month basis, consumer prices fell by 1.4% in August, accelerating from the 0.6% decline recorded in July.
Sri Lanka’s rupee opened at a stronger rate of 304.20/50 against the US dollar on Tuesday, improving from 304.25/75 the previous day. In tandem, bond yields also experienced a decline for the second consecutive day following the elections. The indicative quote for a bond maturing on May 1, 2027, was recorded at 12.60/80 percent, down
Sri Lanka’s export community has urged President Anura Kumara Dissanayake to streamline administrative processes and cultivate a more business-friendly environment that empowers entrepreneurs and exporters to drive the nation’s economic growth. The National Chamber of Exporters (NCE) expressed its support for President Dissanayake’s commitment to transparency and accountability, emphasizing their importance in restoring public trust
Sri Lanka’s dollar bonds took a significant hit following the victory of leftist candidate Anura Kumara Dissanayake in the presidential election, raising concerns about the country’s $3 billion International Monetary Fund (IMF) bailout and ongoing debt restructuring deals. Bonds maturing in March 2029 saw a sharp decline of 3.1 cents, their biggest drop in nearly
Sri Lanka has made significant progress in its efforts to exit bankruptcy, reaching an agreement in principle with the ad hoc group of bondholders, China Development Bank, and the Local Consortium of Sri Lanka (LCSL) to restructure approximately US $14.2 billion of sovereign bonds. This milestone comes after the country declared a sovereign default in
Sri Lanka’s rupee opened weaker on Friday at 305.00/75 to the US dollar, compared to 304.50/80 on Thursday, according to market dealers. Despite the weaker rupee, bond yields remained broadly steady, while the stock market saw an upward movement. A bond maturing on 15.02.2028 was quoted at 13.60/70 percent, slightly lower than the previous day’s