Inflation ( CCPI)54.2% (Jan 2023)
GDP-11.8% (3Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate29.88%
12M T-Bill Rate27.72%
5Y T-Bond Rate29.00%
10Y T-Bond Rate30%
USD/LKR360/363
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Reserves $2.12Bn (Jan 2023)
Cum. Trade Deficit $5.2Bn (Dec 2022)
Cum. Fiscal DeficitLKR 1,647Bn (Oct 2022)

Despite multiple challengers, CBSL turned to be a net buyer of FX for second consecutive month

Exchange RateOct 15, 2022
Despite multiple challengers, CBSL turned to be a net buyer of FX for second consecutive month
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Mandatory conversion of export proceedings, declining imports and scaling down the unofficial FX market boost the CBSL FX purchasers from the market. CBSL has bought FX worth of $239Mn and sold $ 172Mn during September. This help to build the international reserves once again.

CBSL was net purchaser of $ 15Mn August, after monetary authorities were net sellers for ten months continuously.

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