Inflation ( CCPI)54.2% (Jan 2023)
GDP-11.8% (3Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate29.91%
12M T-Bill Rate27.72%
5Y T-Bond Rate29.00%
10Y T-Bond Rate30%
Click on the chart for more details
Reserves $1.89Bn (Dec 2022)
Cum. Trade Deficit $5.2Bn (Dec 2022)
Cum. Fiscal DeficitLKR 1,647Bn (Oct 2022)

Sri Lanka used USD 265Mn from reserves to maintain the Rupee so far in 2022

Exchange RateApr 15, 2022
Sri Lanka used USD 265Mn from reserves to maintain the Rupee so far in 2022
This story is available exclusively to subscribers. Become an member and start reading now.
Sri Lanka has been trying to hold the Rupee at 200 per dollar till February, until CBSL decided to float it at first week of March. Due to the insufficient International Reserves and depleting FX inflows, monetary authorities had to let it go. CBSL had asked banks to sell 50% of their FX inflow to Central bank to mitigate the situation. But it was not sufficient to face the growing FX demand and debt payments. CBSL had purchased USD 536Mn from market, but had sold USD 800Mn resulting USD 265Mn net outflow from reserves in first three months of March 2022.


Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.