Sri Lanka s rupee, which is under downward pressure for two years due to liquidity injections made to enforce a fixed low interest will not depreciate, Central Bank Governor Nivard Cabraal has said.
Sri Lanka s central bank is bearing the 8 rupees out of a 10 rupees extra paid to expat workers for remitting US dollars Central Bank Governor Nivard Cabraal said, making it a quasi-fiscal activity.
Sri Lanka s banks are being asked to share payments for fuel and essential items like food, Central Bank Governor Nivard Cabraal said as lack of dollars at banks delayed clearing of letters of credit for fuel.
Sri Lanka s has transferred the required funds to repay a 500 million US dollar sovereign bond falling due to January 18, Central Bank Governor Nivard Cabraal said.