Inflation ( CCPI)1.3% (Sep 2023)
GDP-3.1% (2Q 2023)
Unemployment4.7% (1Q 2023)
3M T-Bill Rate17.42%
12M T-Bill Rate13.30%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
USD/LKR322/323
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,623 Mn (July 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

Exchange Rate

FeaturedSep 13, 2023

CBSL is balancing the FX purchases and sales in the June and July, net seller marginally

Improved FX inflows from tourism and worker remittance seem to have offset the marginal outflow for Multilateral debt service (still country does not pay the majority of the external debt) and trade deficit. This has resulted in CBSL acting as a neutral party in the FX market other than managing volatility.

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