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The Sri Lankan Rupee (LKR) has appreciated against the US dollar (USD) today (July 06), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee appreciates against U.S. Dollar on July 06, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Fitch Ratings has downgraded Sri Lanka's Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to 'C' from 'CC'. The issue ratings on local-currency bonds have also been downgraded to 'C' from 'CC'.The post Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘C’ appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Fitch Ratings has warned of risks in Sri Lanka’s domestic debt restructuring plan but noted that it resolves uncertainties around its impact on the local banking sector. The Sri Lankan Government’s proposal for treatment of domestic debt marks a significant step towards resolving uncertainties around the impact of the sovereign’s debt restructuring on the local […]
The Sri Lankan Rupee saw a slight appreciation against the US Dollar today after depreciating last week. The Central Bank of Sri Lanka said that the SL Rupee was selling at Rs. 314.98 and buying at Rs. 299.87. Meanwhile, the Colombo stock market recorded a strong performance
Sri Lankan Rupee ended slightly stronger against the US Dollar today, as per the figures of Central Bank of Sri Lanka (CBSL).
The Sri Lankan Rupee has marginally appreciated today, based on the latest data regarding the buying and selling rates of the US Dollar released by the Central Bank of Sri Lanka (CBSL).
By Rathindra Kuruwita The appreciation of Sri Lankan rupee against major foreign currencies alone was not an indication of economic stabilisation, H M C G Bandara, Senior Lecturer at the Sabaragamuwa University says.Bandara said that exchange rates, interest rate and inflation had become hot topics
Sri Lanka’s State Minister of Finance Ranjith Siyambalapitiya said on Friday (June 16) that import of vehicles cannot be allowed at this moment under the prevailing economic situation.The post Sri Lanka’s Finance State Minister says vehicle imports cannot be allowed yet appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
The Sri Lankan Rupee today (16 June) appreciated against the US Dollar, as per the reports of the Central Bank of Sri Lanka (CBSL).
The Sri Lankan Rupee depreciated even further against the US Dollar today, with the buying rate reported at Rs. 311.60 and the selling rate reported at Rs. 328.92. The Sri Lankan Rupee has been depreciating against the USD this week. However, State Minister of Finance Ranjith Siyambalapitiya
State Minister of Finance Ranjith Siyambalapitiya has attributed the further depreciation of the Sri Lankan Rupee to the relaxation of import restrictions.
The Sri Lankan Rupee had further depreciated against the US Dollar today (15 June), the Central Bank of Sri Lanka (CBSL) reported.
The Sri Lankan rupee depreciated to 303.19 against the US Dollar, on Wednesday, according to the Central Bank of Sri Lanka (CBSL). The selling rate of the US dollar rose to Rs 318.99. The rupee saw several weeks of appreciation against the US dollar. The CBSL announced
The Sri Lankan Rupee continued to depreciate against the US Dollar, buying at Rs. 303.19 and selling at Rs. 318.99. The Sri Lankan Rupee has been depreciating against the US Dollar this week after strengthening significantly in the recent past. (Colombo Gazette)
The Sri Lankan Rupee continued its recent depreciating trend against the US Dollar today (14 June), with the buying rate reported at Rs. 303.19 and the selling rate at Rs. 318.99.
he Sri Lankan Rupee (LKR) has depreciated against the US dollar (USD) today (June 12), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee depreciates against U.S. Dollar appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
The Sri Lanka Telephone Dealers’ Association on Saturday announced a 20 percent reduction in the prices of mobile phones.The Association’s President Samith Senarath said the decision had been taken due to the appreciation of the Sri Lankan rupee against the US dollar. Senarath
Agriculture Minister Mahinda Amaraweera has revealed that urea fertilizer will be sold to farmers for a price less than Rs. 9,000 in line with the appreciation of the Sri Lankan Rupee and other factors.
The Cabinet of Ministers has granted approval to reduce the maximum retail prices of 60 types of medicine by 16 percent.The post Cabinet approves proposal to reduce Maximum Retail Prices of 60 types of medicine appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
Tuesday 6th June, 2023 Most people are labouring under the misconception that every prospect pleases in this country and only politicians are vile. Hence the unprecedented rise of anti-politics during the past several years and the demand that all 225 MPs go home. It is popularly thought that all we need to do is to […]
Minister of Health Keheliya Rambukwella says that the prices of medicines will be slashed with the appreciation of the Sri Lankan Rupee.
State Finance Minister Ranjith Siyambalapitiya yesterday announced the easing of import restrictions on approximately 300 to 400 items from next week.This decision is a direct result of the improved availability of US dollars, he said. During a media conference, in Ruwanwella, Minister Siyambalapitiya explained that the initial import restrictions were imposed due to the shortage […]
Minister of Trade Nalin Fernando says that measures will be taken to reduce the prices of several commodities, in comparison with the appreciation of the Sri Lankan Rupee.
The Sri Lankan Rupee today (June 01) further appreciated against the US Dollar, the Central Bank of Sri Lanka (CBSL) reported.
The Sri Lankan Rupee appreciated by 22.9% against the US dollar, during the year up to 31 May 2023, according to the Central Bank of Sri Lanka (CBSL).
After topping global currency rankings this year, analysts are predicting tough times ahead for the Sri Lankan rupee as the government eases import restrictions and debt repayments loom.
The Sri Lankan rupee has shown a notable appreciation of 19.8 percent against the US dollar this year, from the period spanning up to 26 May 2023, according to Central Bank statistics The Sri Lankan rupee has also experienced significant appreciation against various currencies during this timeframe
Sri Lankan Rupee further appreciated against the US Dollar today (May 29), the Central Bank of Sri Lanka (CBSL) reported.
ECONOMYNEXT –Sri Lanka’s personal income tax hikes have hit economic activity in the first quarter though despite currency stability helped businesses cut prices, Hemas Holdings, a top consumer goods group has said.As the currency stabilized, as central bank ended contradictory money and exchange policy conflicts, businesses had cut prices. Mainstream economists generally claim that price […...
The Sri Lankan Rupee further appreciated against the US Dollar today (May 26), according to the Central Bank of Sri Lanka (CBSL).