Inflation ( CCPI)-2.1% (Nov 2024)
GDP5.5% (3Q 2024)
Unemployment4.5% (1Q 2024)
3M T-Bill Rate8.66%
12M T-Bill Rate9.02%
2Y T-Bond Rate9.40%/ 9.50%
4Y T-Bond Rate10.45% / 10.55%
USD/LKR291/292
Reserves $6.46Bn (Nov 2024)
Cum. Trade Deficit $4,762 Mn (Oct 2024 cumulative)
Cum. Fiscal DeficitLKR 970Bn (Sep 2024 cumulative)

CBSL turned to net puncher of the FX in December

Exchange RateJan 14, 2023
CBSL turned to net puncher of the FX in December

The FX liquidity dried out due to the weakened FX inflows, especially in 1st half of 2022. CBSL sold a net of USD 610Mn during 1H of 2022, while it sold another USD 737Mn in the last quarter of 2021. But the situation got improved in 2H of 2022 when CBSL managed to become a net purchase of USD 25Mn.

Sri Lanka has suspended selected external payments including interest and principal payments for ISBs and bilateral debts. Over USD 1,800 Mn in debt payments are now outstanding for ISBs and SLDBs.

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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.