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%
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

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.


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.