Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Sri Lanka concluded the DDR/DDO after restructuring the CBSL credits to the Government

IMF & Sri LankaSep 22, 2023
Sri Lanka concluded the DDR/DDO after restructuring the CBSL credits to the Government

CBSL states, that it has restructured the credit given to the government by purchasing T-Bills at the primary market (formally known as money printing) and provisional advancers given to the government. CBSL’s printed money as of 20th Sep was LKR 2.5 trillion and it had provided provisional advancers of LKR 343Bn as of the end of June.

CBSL carried out the debt restructuring as of the 21st of September. The total exchange as per the CBSL statement was LKR 2.7 trillion.

Disclaimer

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.