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Willful Defacement, Alteration and Mutilation of Sri Lanka Currency Notes

Considering the immense requests made and the difficulties faced by the general public in exchanging willfully defaced currency notes after 31.03.2018, the Central Bank of Sri Lanka (CBSL) has decided to continue the service of exchange of willfully mutilated, altered and defaced currency notes from CBSL until further notice.

Accordingly, the general public is hereby informed to submit such currency notes to the CBSL Head Office or Regional Offices located at Anuradhapura, Matale, Matara, Trincomalee, Nuwara Eliya, Kilinochchi or send the same by registered post to the following address together with the duly completed application form. The relevant application form can be obtained from the CBSL website (www.cbsl.gov.lk), Regional Offices and any branch of Licensed Commercial Banks (LCBs).

Launch of the Revamped Central Bank of Sri Lanka Corporate Website

The revamped corporate website of the Central Bank of Sri Lanka (CBSL) was launched by Governor Dr. Indrajit Coomaraswamy on 28 March 2018.  The URL for the site is https://www.cbsl.gov.lk.

The main features of the new website include additional content, more dynamic and interactive features with improved functionality, mobile compatibility and active social media integration. This will provide a better browsing experience for web users such as professionals, the public, media, and students to ensure efficient and speedy accessibility to information with user friendly interfaces. 

Inflation in February 2018

Headline Inflation, as measured by the change in the National Consumer Price Index (NCPI, 2013=100), which is compiled by the Department of Census and Statistics (DCS), decreased to 3.2 per cent in February 2018 from 5.4 per cent in January 2018, on year-on-year basis. The high base prevailed in February 2017 as well as the monthly decline in Food prices in February 2018 supported by the favourable supply conditions attributed to this sharp decline in year-on-year inflation in February 2018.

The change in the NCPI measured on an annual average basis decreased from 7.6 per cent in January 2018 to 7.2 per cent in February 2018.

When the monthly change is considered, the NCPI declined from 125.8 index points in January 2018 to 123.7 index points in February 2018 largely due to the decline in prices of the items in the Food category, particularly that of vegetables, green chillies, red onions, rice and big onions. Meanwhile, price increases were observed in all the sub-categories in the Non-food category except for Communication sub-category.

SL Purchasing Managers’ Index - February 2018

The Manufacturing Sector PMI recorded 55.6 index points in February from 51.7 index points in January 2018. This indicates that the Manufacturing activities expanded at a higher rate in February compared to January 2018 after the seasonal slowdown observed during the previous month. This was mainly driven by the expansion in the New Orders sub-index. The Production sub-index also increased with the increase in new orders. Nevertheless, this increase was relatively low compared to that of new orders due to lesser number of working days in February. Further, Stock of Purchases sub-index also expanded during the month while Employment sub-index expanded marginally. Meanwhile, the Suppliers’ Delivery Time sub-index lengthened at a higher rate compared to previous month. Overall, all the sub-indices of PMI recorded values above the neutral 50.0 threshold signalling an overall expansion in manufacturing activities during the month. Moreover, The Expectation for activities indicates an improvement for the next three months.

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