Inflation ( CCPI)25.2% (May 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.65%
12M T-Bill Rate22.91%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
USD/LKR297/298
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $1,443Mn (April 2023 cumulative)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

Sri Lanka International Sovereign Bonds are under pressure after currency revaluation to 203 from 238

Interest RatesSep 9, 2021
Sri Lanka International Sovereign Bonds are under pressure after currency revaluation to 203 from 238
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Sri Lanka monetary authorities ordered the commercial banks to fixed the USD/LKR back to 203 from 238 citing there is no reason for Rupee to depreciate beyond this level. Exporters are blamed for keeping proceed expecting further deprecation of Rupee. In the attempt of controlling the FX outflow, CBSL impose a 100% cash margin deposit against the importation of selected non-essential goods through LC.

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