FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» CARE 150 ++++++
by Stockbull Yesterday at 10:36 pm

» RAL UNTOLD STORY, KEEPING TOUCH
by vijay singh Yesterday at 8:36 pm

» Exterminators Plc (EXT.N)
by ErangaDS Yesterday at 5:18 pm

» LOOK- KZOO
by sureshot Yesterday at 2:51 pm

» THE NEXT OPPORTUNITY - GET IN
by sureshot Yesterday at 1:02 pm

» නිවැරදි වෙලාවට කොටස් මිලට ගත යුතුයි. Stock market for beginners
by D.G.Dayaratne Yesterday at 10:42 am

» KELANI VALLEY PLANTATIONS PLC (KVAL.N0000)
by hammurabi Yesterday at 10:05 am

» FCT.N & CFVF
by nish84 Fri Sep 23, 2022 2:16 pm

» Govt. invites LIOC to build refinery in Trincomalee
by samaritan Fri Sep 23, 2022 9:59 am

» India set to be world’s 3rd largest economy by 2030
by samaritan Fri Sep 23, 2022 9:21 am

» PRIME LANDS RESIDENCIES PLC (PLR.N0000)
by Nandana Withanage Fri Sep 23, 2022 12:26 am

» ACCESS ENGINEERING PLC (AEL.N0000)
by ddrperera Fri Sep 23, 2022 12:05 am

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by K.R Thu Sep 22, 2022 11:33 pm

» Ishara Nanayakkara rally - Maharaja
by samaritan Thu Sep 22, 2022 5:51 pm

» RGEM :- RGEM is the Cheapest Illiquid Stock in the market
by skyfall Thu Sep 22, 2022 11:47 am

» CIC going to next level
by suku502 Thu Sep 22, 2022 10:34 am

» ACL CABLES PLC (ACL.N0000)
by ADVENTUS Thu Sep 22, 2022 12:48 am

» LALU -Aluminum KING
by Stockbull Wed Sep 21, 2022 8:15 pm

» KELANI CABLES PLC (KCAB.N0000)
by bkasun Wed Sep 21, 2022 5:27 pm

» RGEM. A real gem in the market
by skyfall Wed Sep 21, 2022 3:51 pm

EXPERT CHRONICLE™

MARKET CHAT


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sri Lanka rupee at 222 per US dollar for importers, lower rates for small TTs Wednesday August 25, 2021 7:53 pm

Sri Lanka rupee at 222 per US dollar for importers, lower rates for small TTs Wednesday August 25, 2021 7:53 pm

Go down  Message [Page 1 of 1]

CITIZEN

CITIZEN
Manager - Equity Analytics
Manager - Equity Analytics

ECONOMYNEXT – Sri Lanka’s rupee is being offered a ‘market rates’ for large imports by banks as the central bank has effectively lifted convertibility in current transactions for extra money printed through its liquidity windows and failed Treasuries auctions.
Foreign banks are quoting a flat rate for 214/222 for telegraphic transfers and similar rates for currency notes.
Larger private banks are quoting rates of 206.50/211.00 for small value transactions. Smaller ones are quoting rates of 210/220 for telegraphic transfer and currency notes.
State run Bank of Ceylon is quoting a rate of 198.50/203.00 for transactions below 1,000 dollars or currency notes below 100 dollars.
Peoples’ Bank is offering 202.99 for small transaction of below 500 dollars.
Though a 30-year civil war ended in 2009, monetary policy had became increasingly more activist and discretionary since 2015, with interest rates being increasingly becoming a final target in highly discretionary policy, analysts have shown.
There is no spot rate in the market, with outright trades barred above 200 to the US dollars. Forward cover is banned and this week, a price control order was slapped on dollar interest rates.
Last week the central bank raised policy rates by 50 basis points to 6.0 percent as nation-wide inflation rose to 6.8 percent.
Bond markets have also become dysfunctional as players looked for direction with longer term bonds not in demand.
On Wednesday bond moved higher after a Treasury bill auction however only 2023 and 2024 bonds were liquid in the market.
A bond maturing on 15.11.23 closed at 7.00/10 per cent on Wednesday, up from 6.95/7.05 percent on Tuesday.

A bond maturing on 01.12.24 closed at 8.00/8.10 per cent on Wednesday, steady from 8.00/8.05 percent, a day earlier. (Colombo/Aug25/2021)

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum