Inflation ( CCPI)3.4% (Nov 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate14.67%
12M T-Bill Rate12.88%
2Y T-Bond Rate13.95%/ 14.05%
4Y T-Bond Rate14.20% / 14.30%
USD/LKR327/328
Reserves $3.58Bn (Nov 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

CBSL became net purchaser of FX in Feb 2021

Exchange RateMar 14, 2021
CBSL became net purchaser of FX in Feb 2021
CBSL spent USD 95Mn defending the massive volatility of USD/LKR during the last two months. After LKR hit 4.28% depreciation against USD in Jan, CBSL ordered the banks to surrender 10% of remittances converted to rupees and exporters to covert 25% of foreign exchange earnings. CBSL became nat buyer of FX in February.

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