Latest News
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Treasury Secretary Updates ISB Holders on Debt Advancements and Cyclone Recovery Strategy
Sri Lanka is poised to finalize its external debt restructuring and secure the next tranche of International Monetary Fund (IMF) funding, as reported by Treasury Secretary Dr. Harshana Suriyapperuma during a briefing to International Sovereign Bond (ISB) holders. He emphasized the country’s improved macroeconomic stability and robust reform momentum under the IMF Extended Fund Facility
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Sri Lanka Imposes Strict Penalties on Local Foreign Currency Transactions
The Central Bank of Sri Lanka has issued a warning to residents against conducting transactions in foreign currencies within the country, highlighting the risk of incurring fines up to 25 million rupees and/or facing imprisonment. The bank has observed instances where residents engage in transactions using foreign currency instead of the Sri Lankan rupee. Under
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