News Sri Lanka Currency: Sri Lanka crisis will last at least two more years: govt
"It was a historic mistake to sharply reduce taxes in 2019," Sabry said, adding that the previous central bank chief had also blundered by exhausting foreign reserves to defend Sri Lanka's overvalued ...
News Sri Lanka Currency: Sri Lanka on the edge of bankruptcy as foreign exchange reserves fall below $50 million
Sri Lanka has been suffering a shortage of foreign exchange with its reserve assets standing at around $1.9 billion at the end of March, of which foreign currency reserves were at $1.7 billion. Sri ...
News Sri Lanka Currency: Sri Lanka foreign reserves at record low, politics in crisis
He said Sri Lanka’s reserves stood at $7.6 billion at the end of 2019 and fell to $5.7 billion by the end of 2020 as payments outpaced inflows of foreign currency amid the pandemic. The reserves ...
News Sri Lanka Currency: Sri Lanka's economic crisis will last at least two more years, says Finance Minister Ali Sabry
"It was a historic mistake to sharply reduce taxes in 2019," Sabry said, adding that the previous central bank chief had also blundered by exhausting foreign reserves to defend Sri Lanka's overvalued ...
News Sri Lanka Currency: Non-residents will now have to pay in foreign currency for services in Sri Lanka: Central bank
This comes in the backdrop of the Central Bank hiking the standing deposit facility rate and the standing lending facility rate by 50 basis points each to 5.50 per cent and 6.50 per cent respectively ...
News Sri Lanka Currency: Sri Lanka settles sovereign bond payment as reserves dwindle
Sri Lanka has paid $500 million due on sovereign bonds from its badly depleted foreign reserves despite calls by experts to defer it and use the sum to import essential food and medicine ...
News Sri Lanka Currency: Non-residents will now have to pay in foreign currency for services in Sri Lanka, says central bank
Tourists travelling to Sri Lanka will now have to pay for their goods and services in foreign currency, the Central Bank announced on Thursday, as part of its efforts to inject more liquidity in the ...
