Inflation ( CCPI)1.5% (Oct 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate15.29%
12M T-Bill Rate12.94%
2Y T-Bond Rate14.45%/ 14.50%
4Y T-Bond Rate14.70% / 14.80%
USD/LKR327/328
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

Emerging Market Currencies suffering badly, while Asian Frontier markets managing in so far this year

Exchange RateAug 23, 2020
Emerging Market Currencies suffering badly, while Asian Frontier markets managing in so far this year
The Brazilian real, the South African rand and the Turkish lira have lost more than 20% of their value against the dollar this year, while the Russian ruble and the Mexican peso also have dropped significantly. The rebound is narrowing coronavirus-induced losses has put Asia currencies ahead of those EMs. But Philippine peso is by far the best-performing currency in 2020.

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