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Last week, media were abuzz with two reports on how undesired exchange rate movements could worry governments. One was a currency under pressure for appreciation in the market and the other was a currency moving in the opposite. Swiss Franc: One way Journey to Appreciation The first was the case of the Swiss Franc which ...
- Six popular fallacies of currency appreciation – Part 2 (Category: Business)
- Swiss central bank intervention fails to stem franc’s rise (Category: Business)
- External value of the rupee: Market driven or Central Bank driven? (Category: Business)
- Rupee sinks to record low (Category: Business)
of its staff mission said Sri Lanka’s foreign exchange reserves ...
- No timing yet for Sri Lanka review prior to next loan disbursal: IMF (Category: Business)
- IMF’s take on Sri Lanka’s good, bad and the ugly (Category: Business)
- Drought may cut growth to 6.7% (Category: Business)
- CB to stop supplying dollars for oil bills (Category: Business)
LONDON: Here’s a bold prediction to feed Western worries that power is shifting inexorably to the East: China’s yuan could overtake the US dollar as the world’s principal reserve currency as soon as next decade. Beijing has been promoting the use of the yuan beyond its borders since 2009 to settle trade transactions. The resulting ...
- China kicks off yuan trading vs Aussie, Canadian dollar (Category: Business)
- China warns of trade war if US bill passes (Category: Business)
- Yuan hits all-time high (Category: Business)
- Obama presses China to act like grown up’’ nation (Category: Business)
TOKYO: Japan unveiled a $100-billion effort to help companies cope with a surging yen, signalling that officials may be resigned to the currency remaining high. The government will release foreign-exchange reserves to the state-run Japan Bank for International Cooperation for funding to aid
- BOJ’s Shirakawa hopes intervention stabilises FX (Category: Business)
- Central Try (Category: Business)
- Dollar bounces back on US manufacturing surprise (Category: Business)
- Japan corporate mood up despite yen worry (Category: Business)
By Dr. S. Narapalasingam The current moves of the powerful government in post-war Sri Lanka are mainly for sustaining the wartime military strength, preventing the resurrection of the smashed LTTE and developing the infrastructures, notably the roads and rail network,...
- Pro-poor growth and Economic growth in Sri Lanka - A critical analysis (Category: Breaking News)
- ‘Lions’ and the ‘Tigers’ of Sovereign Sri Lanka (Category: Breaking News)
- “Connecting People to Prosperity” in Sri Lanka. A reality check with “Mahinda Chinthanaya” (Category: Breaking News)
- Why Are The Structural Changes Necessary? (Category: Breaking News)
COLOMBO, Oct 7 (Reuters) - Sri Lanka's gross foreign exchange reserves have risen to a record high, the central bank said on Thursday, thanks to a $1 billion inflow from the island nation's 10-year sovereign bond sale last week.
Fitch Ratings today (21) affirmed Sri Lanka’s long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘B+’, and simultaneously revised the Outlook to ‘Positive from Stable’. Following is the full text published by Fitch on Sri Lanka: Fitch Ratings has today affirmed Sri Lanka’s Long-term foreign and local currency Issuer Default Ratings (IDRs) at ...
- Fitch Affirms Sri Lanka at ‘BB-’; Outlook Stable (Category: Breaking News)
- Appropriate actions prompt Fitch to affirm Sri Lanka at ‘BB-’; Outlook Stable (Category: Business)
- Fitch downgrades Sri Lanka’s long-term local-currency IDR to ‘CC’ (Category: Breaking News)
- Ministry: Ground Situ In Japan Returning To Normal (Category: Breaking News)
The Central Bank has said that the remittances made by expatriate Sri Lankans have steadily increased. The foreign Exchange reserves have increased by 3.8 billion US dollars since the country was liberated from terrorism. Financial aid received by people in the North and East, as well as sustained
Sri Lanka may not tap loans from the International Monetary Fund immediately as foreign-exchange reserves have climbed to a record, Deputy Finance Minister Sarath Amunugama said.
By Rakteem Katakey and John Duce Indian Oil Minister Murli Deora traveled to Nigeria, Angola, Uganda, Sudan, Saudi Arabia and Venezuela this year, leading a record number of delegations to gain oil for the world’s third-fastest-growing major economy....
- India makes inroads into Sri Lanka under China’s long shadow (Category: Breaking News)
- China to create $300 b FX investment vehicle (Category: Business)
- ONGC Videsh keen on long-term partnership with Cairn India in Sri Lanka (Category: Business)
- Sri Lanka finalises oil exploration rules, earmarks 900 offshore blocks (Category: Breaking News)
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