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).

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).

The Sri Lankan Rupee further appreciated against the US Dollar today (May 24), the Central Bank of Sri Lanka (CBSL) reported.

By Hema Senanayake hemasenanayake@yahoo.com IMF has an ideology, a system of ideas and ideals which forms the basis of its decisions and policy prescriptions for which the recipient country of the loan claims as of its own. The most important idea does not originate from economic theory but international trade theories instead. The Great Recession […]

The Sri Lankan Rupee further appreciated against the US Dollar today (17 May), the Central Bank of Sri Lanka (CBSL) reported.

The Sri Lankan Rupee further appreciated against the US Dollar today (16 May), the Central Bank of Sri Lanka (CBSL) reported.

Hope springs eternal in the human breast, it is said, but if the breast is of a national-minded Sri Lankan, hope cannot rise; it is stifled by fear, worry, frustration and stark disappointment. Government persons are flapping their upper limbs and crowing about improvement in the economy; nothing much for us Ordinaries to experience or […]

The Central Bank of Sri Lanka (CBSL) announced the official US Dollar exchange rates for today (March 22).

Sri Lanka’s rupee, which became the world’s best performing currency this year amid hopes of an International Monetary Fund bailout, may resume declines and lose a fifth of its value against the dollar by end-2023, according to Fitch Solutions. “We are optimistic that Sri Lanka will be able to secure an IMF board approval by […]

by Jehan Perera The government’s proposal to set up a truth and reconciliation mechanism to deal with the unresolved human rights issues of the war will get a boost in the aftermath of last week’s unexpected developments that will directly affect three former presidents of Sri Lanka hitherto thought to be untouchable by virtue of […]

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 […]