The Central Bank of Sri Lanka, in a statement released to local media, asked the public to inform the Department of Foreign Exchange of any instances that a money changer offers higher exchange rates for any transaction. The U.S. dollar hit the 298.99-mark against the Sri Lankan rupee on ...
COLOMBO, April 23 (Xinhua) -- Remittances sent by Sri Lankans working abroad rose to 318 million U.S. dollars in March 2022, from 205 million dollars in February, according to a report issued by the central bank on Saturday. The increase correlates with flexible foreign exchange rates introd...
Currency exchange rates change daily. Kapruka will give you the most competitive exchange rate based on the Central Bank of Sri Lanka's published dollar exchange rate Please do keep in mind there is a Credit Card Processing Fee that we need to factor into the offered exchangerate as these ord...
ECONOMYNEXT – Sri Lanka’s overnight call money markets have dried up in rising counterparty risks contradictory money and exchange policy continue and authorities fail to establish a working peg or floating exchange rate amid interventions. Though policy rates have been raised the central...
Sri Lanka saw official parallel exchange rates during late 1968 with Latin America style Foreign Exchange Entitlement Certificates (FEECs) being developed by the money printing Dudley Senanayake administration instead of restraining, reforming or abolishing the central bank. ...
This paper empirically addresses the questions "is money supply in Sri Lanka endogenous or exogenous and how much control does the Central Bank have over the money supply?" Thus the paper also examines the viability of the current monetary targeting policy regime. Two complementary approaches are ...
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