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During the year 2022, the Sri Lankan Rupee depreciated against the US Dollar by nearly 45%, the Central Bank of Sri Lanka (CBSL) reported.
By SHIHAR ANEEZ Tens of thousands of Sri Lankan individuals as well as corporates have to cut spending and investment from January as steep income tax rates come into force to finance a bloated state amid 65 percent inflation and turnover tax hikes that had already depleted disposable incomes. The higher income taxes are coming in […]
Two Fundamental Rights actions In a Fundamental Rights action (SCFR 212/2022) against a string of VIPs, the Supreme Court has granted leave to proceed against former President Gotabaya Rajapaksa, former Finance Ministers Mahinda Rajapaksa and Basil Rajapaksa, former Central Bank Governors, Professor W.D Lakshman and Ajith Nivard Cabraal, the Monetary Board of Sri Lanka and […]
By A.J.A Abeynayaka The Supreme Court yesterday granted leave to proceed with several fundamental rights petitions seeking legal action against former President Gotabaya Rajapaksa, former Finance Ministers Mahinda Rajapaksa and Basil Rajapaksa, and 36 others for financial irregularities and mismanagement of the economy.The cases were filed by Transparency International Sri Lanka (TISL) and a forme...
Sri Lanka economic crisis aggravated after the collapse of rupee in March 2022
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Interest on several International Sovereign Bonds have been missed.
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A guidance peg announced by Sri Lanka’s central bank for interbank transactions weakened by 14 cents to 360.94 rupees
Sovereign default together with increasing economic challenges poses significant downside risks to DFCC's profitability
Has government securities
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Senior creditors, central bank obligations to be serviced
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COLOMBO (News1st): The selling rate of the Sri Lankan Rupee hit Rs 193.05 against the US dollar on Wednesday, central bank data show. The latest depreciation of the rupee began last Thursday as its selling rate crossed Rs 190 for the first time since March 24 this year. During the initial outbreak
The Sri Lankan Rupee has fallen to a record low as per the daily exchange report of the Central Bank of Sri Lanka (CBSL).
The Central Bank of Sri Lanka says it is of the view that the recent increase in volatility of the exchange rate is unwarranted and unacceptable.
The selling rate of the Sri Lankan Rupee hit Rs 193.05 against the US dollar today (24), central bank data show. The post Sri Lankan Rupee depreciates against the US dollar appeared first on ONLANKA... Click on the headline to read the full story
COLOMBO (News1st): The selling rate of the Sri Lankan Rupee hit Rs 193.05 against the US dollar on Wednesday, central bank data show. The latest depreciation of the rupee began last Thursday as its selling rate crossed Rs 190 for the first time since March 24 this year. During the initial outbreak
The Sri Lankan Rupee has fallen to a record low as per the daily exchange report of the Central Bank of Sri Lanka (CBSL).
The Sri Lankan Rupee has fallen to a record low as per the daily exchange report of the Central Bank of Sri Lanka (CBSL).
The Sri Lankan Rupee has fallen to a record low as per the daily exchange report of the Central Bank of Sri Lanka (CBSL).
The Central Bank of Sri Lanka says it is of the view that the recent increase in volatility of the exchange rate is unwarranted and unacceptable.
The selling rate of the Sri Lankan Rupee hit Rs 193.05 against the US dollar today (24), central bank data show. The post Sri Lankan Rupee depreciates against the US dollar appeared first on ONLANKA... Click on the headline to read the full story