Sri Lanka’s envoy to the UK meets The Queen

USD selling at nearly Rs. 300 at several commercial banks

The USD was selling at nearly Rs. 300 at several commercial banks today.? The Central Bank of Sri Lanka had recently decided to allow greater flexibility in the exchange rate. The Central Bank had indicated that it will continue to closely monitor the emerging macroeconomic and financial market developments, both globally and domestically, and will stand ready to take further measures as appropriate, with the aim of achieving stability in the fronts of inflation, the external sector, the finan

23 Mar, 2022

Mahinda thanks Modi for crucial support

Prime Minister Mahinda Rajapaksa today thanked Indian Prime Minister Narendra Modi for the crucial support extended to Sri Lanka. He especially thanked India for the USD 1 Billion credit line offered to Sri Lanka. India and Sri Lanka recently signed a US$ 1 billion credit line deal. The agreement was signed during the visit to New Delhi by Finance Minister Basil Rajapaksa. The 1 billion USD Line of Credit is to purchase essential items, which is part of the four-pillar bilateral economic coo

23 Mar, 2022

Basil refuses to make IMF draft document public

By Easwaran Rutnam Finance Minister Basil Rajapaksa today refused to make public a draft document submitted to the Government by the International Monetary Fund (IMF). The Finance Minister told the All Party Conference today that Sri Lanka has received a draft report from the IMF and that the Government is in the process of proposing appropriate changes. He said the draft cannot be submitted to Parliament and only the final report will be made public. The Finance Minister was responding to a

23 Mar, 2022