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 Government extended capital controls by further six months

Exchange RateJun 14, 2023
Sri Lanka Government extended capital controls by further six months

Despite the improvement of the country’s international reserves to USD 3.48Bn by the end of May 2023 from that of USD 1.90Bn by the end of 2022, the government has decided to extend capital controls by further six months. Sri Lanka Rupee appreciated to almost 290 against USD and revised the trend and deprecated back to above 300 since the start of this week.

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