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%
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

CBSL was a net purchaser of USD 240Mn FX from the market in February

Exchange RateMar 22, 2024
CBSL was a net purchaser of USD 240Mn FX from the market in February

Central Bank of Sri Lanka (CBSL) has been active in the foreign exchange (FX) market, purchasing USD 248.5 Mn and selling USD 9 Mn in February 2024. This resulted in a net FX purchase of USD 485 Mn so far this year. Additionally, CBSL was a net purchaser of FX last year as well, totalling USD 2,083 Mn.

The improved worker remittances, tourism, and lower imports have contributed to leaving more FX in the market, which supports a stronger domestic currency (LKR).


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