Sri Lanka’s domestic debt plan a significant step for resolving bank uncertainty – Fitch
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 banking sector, but complications may arise from a number of factors, says Fitch Ratings. The proposal excludes banks’ holdings of Sri Lankan rupee-denominated treasury securities, which will […]
Sri Lankan rupee ends slightly firmer against USD
Sri Lankan Rupee ended slightly stronger against the US Dollar today, as per the figures of Central Bank of Sri Lanka (CBSL). Accordingly, the selling rate was reported at Rs. 314.98, while the buying rate was reported at Rs. 299.87.
World Bank to provide $500 mn budgetary support to Sri Lanka
Sri Lanka will enter into an agreement with the World Bank for $500 million in budgetary support after the cabinet approved it on Tuesday, the biggest funding tranche for the crisis-hit nation since an International Monetary Fund deal in March. The island nation of 22 million is emerging out of its worst economic crisis in […]
Colombo Stock Exchange declares market holiday on Friday
In view of Friday (June 30) being declared as a Special Bank Holiday, the 30th of June 2023 has also been declared as a Market Holiday by the Colombo Stock Exchange (CSE). The government had declared a special bank holiday on June 30, 2023. This was announced in a special gazette notification issued by Prime […]
Sri Lankan Rupee continues upward momentum
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). Accordingly, today’s (June 19) buying rate of the US Dollar has been reported at Rs. 297.53, while the selling rate of the US […]
Sri Lankan Rupee depreciates further against USD
The Sri Lankan Rupee had further depreciated against the US Dollar today (15 June), the Central Bank of Sri Lanka (CBSL) reported. Accordingly, the buying rate was reported at Rs. 311.60, while the selling rate was reported at Rs. 328.92. Meanwhile, the selling rate of the US Dollar soared to Rs. 335.00 at licensed commercial […]
USD buying and selling rates rise at several commercial banks
The selling rate of the US Dollar soared to LKR 335.00 at licensed commercial banks on Thursday (June 15). According to the daily exchange rates of several licensed commercial banks, the buying rate of the US Dollar has jumped to LKR 315.00. The buying and selling rates announced by five licensed commercial banks today are […]
Sri Lankan Rupee significantly depreciates against USD
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. Meanwhile, the USD/LKR Spot exchange rate was reported at Rs. 303.20, according to the Central Bank of Sri Lanka (CBSL). Despite having appreciated against […]