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 $2,930 Mn (Aug 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

Sri Lanka spends USD 72 Mn to manage the currency volatility in January

Exchange RateFeb 13, 2021
Sri Lanka spends USD 72 Mn to manage the currency volatility in January
Sri Lanka spends USD 72 Mn to manage the currency volatility in January as CBSL became a net seller of foreign exchange for the second consecutive month. CBSL was a net purchaser of USD 283Mn of foreign exchange in 2020 while USD/LKR depreciated only by 2.63%. But LKR came under pressure in late December and throughout January. Currency was depreciated 4.3% in January.

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