Inflation ( CCPI)35.3% (April 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.60%
12M T-Bill Rate22.97%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $862Mn (March 2023)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

Sri Lanka rupee plunged to a record low despite USD 1.5 Bn currency swap and news on USD 700Mn loan

Exchange RateMar 17, 2021
Sri Lanka rupee plunged to a record low despite USD 1.5 Bn currency swap and news on USD 700Mn loan
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Sri Lanka rupee closed at 202/203 in one-week forward against USD. Sri Lanka secured a USD 1.5Bn currency swap and the Government said it is in the final stage of negotiation for USD 700mn, which will boost the depleting reserves. Last week CBSL said it has started to buy dollars from the market and the bank became a net FX buyer in February.


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