Inflation ( CCPI)6.4% (Jan 2024)
GDP1.6% (3Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate9.79%
12M T-Bill Rate10.02%
2Y T-Bond Rate11.05%/ 11.10%
4Y T-Bond Rate12.20% / 12.30%
USD/LKR313/314
Reserves $4.5Bn (Jan 2024)
Cum. Trade Deficit $4,866 Mn (Dec 2023 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

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
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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