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ECONOMYNEXT – Sri Lanka will shortly impose deposit margins on letters of credit to curtail imports, Central Bank Governor Nandalal Weerasinghe said.“From this monetary policy decision we have re-imposed letter of Credit margin requirement, where all non-essential item importers will have to put money in advance to open LCs., “Governor Weerasinghe said.The circular has already be...
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[…]The post Ranil Wickremesinghe’s Sixth (Mis)adventure: An Indisputable Reason For The ‘Aragalaya’ To Stay Alive appeared first on Colombo Telegraph.
The Monetary Board of the Central Bank of Sri Lanka has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at the current...Click on the headline to read the full story
The Monetary Board of the Central Bank of Sri Lanka has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at the current levels of 13.50 per cent and 14.50 per cent, respectively.
Policy undermined by printing money for state workers
US investment bank JPMorgan backed Sri Lanka’s crisis-hit Government bonds, saying recent political changes in the country should gradually improve its strains and help its talks with the International Monetary Fund. Adding an ‘overweight’ – effectively a buy recommendation – JPMorgan analysts said: “political stability should pave the way for bonds to move high...
If we do not pay the IMF, World Bank that money will also not come: Sabry
[…]The post A Child’s Guide To Currency Boards: Why Did Ceylon Give Up The Currency Board, While Singapore Didn’t? appeared first on Colombo Telegraph.
The current crisis is having far-reaching implications on the ability of women and girls to live in dignity
To pay the ships we will take action to buy dollars from the free market
We have to keep in mind that printing money will depreciate the rupee
Sri Lanka’s Hatton National Bank said profits grew 4 percent to 4.9 billion rupees in the March 2022 quarter
[…]The post A Prescription For Prime Minister Ranil Wickremesinghe appeared first on Colombo Telegraph.
[…]The post Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? appeared first on Colombo Telegraph.
Stability of foreign exchange rates was in their eyes a mischief, not a blessing
Prime Minister Wickremesinghe says the Government is facing an immediate challenge of securing funds to pay for the fuel requirement for this coming week. He said that due to the dollar shortages in the banks, the Government is now exploring other options of securing the necessary funding. Meanwhile, Prime Minister Ranil Wickremesinghe held discussions with […]
It will then be presented to the cabinet of ministers for approval, the PM’s office said in a statement.
When the country is in dire straits, all the people's representatives must work together immediately for a solution
[…]The post Whose Saviour Is Ranil? And Who Is Being Clever – Ranil Or Gota? appeared first on Colombo Telegraph.
In the next few weeks we will face the most difficult time
"I also wish to inform you that we will extend our support as a responsible opposition to correct decisions."
"Every day that passes, the future of this country is put at greater risk."
Prime Lending Rates top 19 percent in May after rate corrections
“After I speak to [friendly nations], there will be help coming from there. They won’t allow people to starve.”
The Central Bank of Sri Lanka launched the Sri Lanka Green Finance Taxonomy at the John Exter International Conference Hall of the Central Bank on 06 May 2022.
Island under emergency after inflation hit 30-pct and the currency collapses to 380 to dollar from 200
Up to February US$85mn flows into stocks
If there is not enough money the central bank has to monetize it
Wickremesinghe made PM for the 6th time