Inflation ( CCPI)0.9% (May 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.39%
12M T-Bill Rate9.90%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.10% / 11.25%
USD/LKR304/305
Reserves $5.4Bn (May 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

Sri Lanka is among the seven countries that face a currency crisis - Nomura Holdings

Global IndexesNov 23, 2022
Sri Lanka is among the seven countries that face a currency crisis - Nomura Holdings

“Damocles”, an early warning indicator of emerging market exchange rate crises formulated by Nomura Holdings, Japan’s top brokerage and investment bank. According to the index, Sri Lanka has been warned about a possible currency crisis for the last few years.

Damocles’s score above 100, indicates they are at risk of an exchange rate crisis in the next 12 months. The sum of the scores generated on all 32 by the model had increased sharply to 2,234 from 1,744 since May.

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