Inflation ( CCPI)6.4% (Jan 2024)
GDP1.6% (3Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate9.79%
12M T-Bill Rate10.02%
2Y T-Bond Rate11.05%/ 11.10%
4Y T-Bond Rate12.20% / 12.30%
USD/LKR313/314
Reserves $4.5Bn (Jan 2024)
Cum. Trade Deficit $4,866 Mn (Dec 2023 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Net foreign assets in CBSL and banking sector improve from the worse in April 2022

Bank & FinanceFeb 21, 2023
Net foreign assets in CBSL and banking sector improve from the worse in April 2022

Net foreign assets (NFA) determine whether a country is a creditor or debtor nation by measuring the difference in its external assets and liabilities. Sri Lanka defaulted on its external debt in April 2022 and services the domestic debts and other liabilities by printing money.

NFA refers to the value of overseas assets owned by a nation, minus the value of its domestic assets that are owned by foreigners. The situation has improved after it hit worst in April by end of 2022.

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