Economics

Sri Lanka’s Cabinet Spokesman Denies New Currency Printing Amid Rising Liquidity Concerns

  • October 29, 2024

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

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Economics

IMF Advocates Dedollarization and Monetary Policy Reform in Sri Lanka

  • October 7, 2024

The International Monetary Fund (IMF) has stirred political discussions around dedollarization in Sri Lanka through a report on liquidity operations and monetary policy. Despite no public demand to undermine foreign currency deposits, the IMF has recommended introducing statutory reserve requirements (SRR) for foreign exchange liabilities as part of a broader agenda to promote Sri Lanka’s

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