Jan 11, Colombo: Sri Lanka’s Central Bank said today that it will initiate measures to carry out forensic audits in relation to the issuance of Treasury bonds during the 2008 to 2014 and the Treasury bond auctions held in March 2016. Issuing a statement, the Monetary Board of the Central Bank said on 10 …
Dec 31, Colombo: Sri Lanka’s Central Bank has extended the deadline to exchange willfully defaced currency notes by three month, according to a statement issued by the bank. The earlier deadline was today. The Central Bank said considering the immense requests from the general public and the …
ECONOMYNEXT – Sri Lanka’s credit is now slowing (compared to total deposits raised), allowing the central bank to easily purchase dollars and mop the rupees created in the process (sterilized forex purchase) by selling its Treasury bill stock down, and built up forex reserves. The more Treasury bills …
The latest Central Bank data for the month of August showed the remittances from the Sri Lankans working abroad— particularly in the Middle East …
Sri Lanka’s external debt burden is well known. The country, which came out of a long civil war in 2009, is currently struggling to service an …
Sri Lanka’s fragile economy now appears to be at the mercy of receiving a billion dollars from China in exchange of 80 percent stake in Hambantota …