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Monetary Policy Review - No. 1 of 2022
... among the licensed banks in proportion to their foreign exchange inflows; c) mandate all registered tourist establishments to ... effect from 01 February 2022 and introduce higher interest rates for both foreign currency and rupee denominated deposits of migrant ...
conedit1 - 20.01.2022 - 12:18
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Statement by Deshamanya Professor W D Lakshman, Governor of the Central Bank of Sri Lanka on Foreign Currency Liquidity in the Domestic Market
... to fuel adverse speculation about the future path of the exchange rate and the ability of the Government to service its obligations. ... seen increased amounts of financial flows at concessionary rates to support real sector activity. Private sector entities are expected to ...
conedit1 - 28.06.2021 - 20:10
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Foreign Sentiment Signals Confidence in Sri Lanka’s Economic Performance and Potential
... emerging markets in the wake of normalization of US interest rates as well as synchronized growth in US, Europe and Japan for the first time ... primary and secondary market investment in the Colombo Stock Exchange to the tune of USD 9. 6 mnto-date in 2018. In 2017, inflows amounted ...
conedit2 - 03.05.2018 - 16:07
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IMF Reaches Staff Level Agreement with Sri Lanka on Three-Year $1.5 Billion EFF
... tax system—eliminating exemptions, holidays, and special rates to broaden the tax base and create a tax system that is simple, ... while also undertaking measures to help deepen foreign exchange markets and a support a durable transition to a flexible exchange rate ...
content_manager - 04.10.2018 - 10:29
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Clarification on the Erroneous Report regarding Sri Lanka issued by Nomura Holdings Inc.
... emerging economies including Sri Lanka are at risk of an exchange rate crisis. The said media sites further quoted the report as ... a reduction in inflation rather than an increase in interest rates. These examples demonstrate how the binary methodology used by Nomura ...
conedit1 - 19.09.2018 - 10:43
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The Central Bank publishes 'Recent Economic Developments: Highlights of 2020 and Prospects for 2021'
... easing measures, including multiple reductions of the policy rates and the Statutory Reserve Ratio (SRR), thereby injecting ample liquidity ... trade balance, a revival of workers’ remittances, a stable exchange rate, and a reasonable level of official reserves. The external sector ...
content_manager - 31.10.2020 - 21:09
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Implementing a Mobile Application "SL- Remit" to facilitate Foreign Remittances
... services such as direct bill payments, attractive foreign exchange rates and low transaction fees. CBSL will now implement the “SL-Remit” ...
conedit1 - 08.10.2021 - 12:36
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Financial Markets Overview
... and pension and provident funds. The inter-bank foreign exchange market is also closely connected with the money market. The inter-bank ... market to varying degrees. Central Bank's policy interest rates have the greatest impact on a segment of the money market called the ...
admin - 24.03.2023 - 11:53
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Sale of Subsidiaries Sub-subsidiaries and Investment Properties of ETI Finance Ltd
... being not completed in its entirety. Based on the exchange rates at the time of receiving money through the above 4 tranches, ETIF has ...
emgpekanayake - 03.05.2019 - 15:58
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IMF Staff Concludes Visit to Sri Lanka to Discuss Progress of Economic Program
... of Sri Lanka’s (CBSL) move to preemptively raise policy rates to maintain inflation within its target band. The CBSL should remain ... its effort to rebuild international reserves and maintain exchange rate flexibility to further develop the foreign exchange market. In ...
content_manager - 28.01.2018 - 17:02