Free and Open Access to
Public Finance Data and Analysis
data-chart
LKR allowed to ‘free float’ – CBSL

 

It has been decided to let the LKR to ‘free float,’ since yesterday (9) evening, following CBSL’s meeting with bankers, the CBSL sources said. Meanwhile, the Ministry of Finance on the same day announced to provide a special incentive allowance for Sri Lankan migrant worker remittance, in view of the upcoming Sinhala and Tamil New Year.

LKR allowed to ‘free float’ – CBSL

Ceylon Today
2022-03-10
Related News and Insights
Government introduces new expenditure and relief t...
On 05 December 2024, the government presented supplementary estimates totalling LKR 219.4 billion for the year, which was not included in the original 2024 budget. Supplementary allocations are typically introduced to address unforeseen emer...
Find Out More
Public debt grew more slowly in the first three qu...
Sri Lanka’s public debt rose at a slower pace in the first three quarters of 2024 compared to the same period in 2023. Whilst domestic debt and foreign increased, the growth was notably lower than in the previous year.
Find Out More
SL exits ’Restricted Default’ rating
Fitch Ratings upgraded Sri Lanka's Long-Term Foreign-Currency IDR to 'CCC+' from 'RD' and the Local-Currency IDR to 'CCC+' from 'CCC-', citing reduced default risk after completing in...
Find Out More
View All