FINANCIAL CHRONICLE — The Advocata Institute, a think tank based in Colombo, has introduced ‘Samvaada’, an open analytical platform designed to encourage organized discussions on […]
Category: Monetary
Sri Lanka’s currency experiences a 7.9% decline in the first half of 2026 amid central bank intervention.
FINANCIAL CHRONICLE – In the first half of 2026, the Sri Lankan rupee experienced a significant decline of 7.9 percent against the US dollar, driven […]
Sri Lanka’s Foreign Reserves Dwindle to $6.4 Billion as Imports Rise, Central Bank Anticipates Rebound
FINANCIAL CHRONICLE – Sri Lanka’s foreign exchange reserves have recently come under examination due to a decline in reported figures. Opposition politicians have accused the […]
Sri Lanka’s Central Bank invites public input for reassessment of inflation goals.
FINANCIAL CHRONICLE – The Central Bank of Sri Lanka has opened a public consultation to gather opinions on its inflation target and related metrics as […]
IMF Mission Chief Clarifies Sri Lanka Treasury’s Dollar Non-Purchase as Standard Procedure
FINANCIAL CHRONICLE – According to Evan Papageorgiou, the Mission Chief of the International Monetary Fund (IMF), the Sri Lankan Treasury has refrained from purchasing dollars […]
Sri Lanka Secures $695 Million from IMF Amidst Import Restrictions and Payment Delays
FINANCIAL CHRONICLE – The International Monetary Fund (IMF) has announced the approval of a payment of $695 million to Sri Lanka as part of its […]
Sri Lankan importers rushed to secure dollars at rates between Rs380 and Rs400, reveals Central Bank Governor.
FINANCIAL CHRONICLE – Central Bank Governor Nandalal Weerasinghe has reported that anxious importers have recently acquired US dollars at rates ranging from 380 to 400 […]
Sri Lanka’s Central Bank Governor Announces Additional Measures for Price Stability Following Interest Rate Increase
Sri Lanka’s Central Bank Governor, Nandalal Weerasinghe, indicated that the institution has the capability to employ additional tools to ensure price stability, following the monetary […]
Sri Lanka’s Central Bank Raises Interest Rates by 100 Basis Points to 8.75%
FINANCIAL CHRONICLE – The Central Bank of Sri Lanka has raised its interest rates by 100 basis points, bringing the Overnight Policy Rate (OPR) to […]
Sri Lanka Must Balance Growth with Lower Inflation Targets, Says Central Bank Governor
FINANCIAL CHRONICLE – During a recent session with a Parliamentary Panel, Central Bank Governor Nandalal Weerasinghe emphasized that Sri Lanka may need to forgo higher […]
CBSL Governor Attributes Sri Lanka’s Currency Decline to Worldwide Economic Influences
FINANCIAL CHRONICLE – Central Bank Governor Nandalal Weerasinghe emphasized that the recent decline of the Sri Lankan rupee is primarily influenced by external market dynamics, […]
Sri Lanka’s Central Bank Emerges as a Net Seller of US Dollars in April After a 22-Month Interval
FINANCIAL CHRONICLE – In a significant shift, Sri Lanka’s Central Bank has reported its first instance of being a net seller of U.S. dollars in […]
Sri Lankan Rupee Declines to 320 Against the US Dollar Amidst Celebrations of Rising Inflation
Sri Lanka’s currency, the rupee, concluded the trading session at 319.75/320.00 per US dollar in the spot market, following transactions that occurred at 320, according […]
Sri Lanka Sees Inflation Surge to 5.4% in April 2026 Following Significant Increase in Fuel Costs
FINANCIAL CHRONICLE – In April 2026, Sri Lanka’s overall inflation rate, as indicated by the Colombo Consumer Price Index (CCPI), approached the Central Bank’s upper […]
Sri Lanka Approaches Budget Surplus in January 2026 Amidst Currency Challenges
FINANCIAL CHRONICLE – In January 2026, Sri Lanka’s budget came remarkably close to achieving a surplus, recording a deficit of only 3.8 billion rupees. This […]
Sri Lanka’s Rupee Declines as Spot Forex Market Remains Absent Following Currency Swaps Injection
FINANCIAL CHRONICLE – The foreign exchange market in Sri Lanka is currently experiencing challenges due to a lack of active spot quotations, as reported by […]
