Forex

Sri Lanka forex reserves at US$3.9bn with new IMF allocation

Aug 28, 2009 (LBO) - Sri Lanka's gross official reserves rose to 3.9 billion US dollars after receiving the equivalent of 475 million US dollar under a new …

Sri Lanka rupee may move if IMF forex reserve targets are not met

July 28, 2009 (LBO) - Sri Lanka's tight peg with the US dollar, which is now backed by complementary monetary policy may move under an International Monetary …

Sri Lanka to plans high yield forex securities for expat workers

June 25, 2009 (LBO) - Sri Lanka's government is planning a new high yield retail foreign exchange denominated security that will pay an attractive premium over …

Sri Lanka buys US218mn from forex markets in June: CB Governor

June 18, 2009 (LBO) - Sri Lanka's central bank has bought 218 million US dollars from forex markets so far in June on top of 160 million US dollars bought …

Sri Lanka lifts forex forward curbs

May 25, 2009 (LBO) - Sri Lanka's central bank Monday lifted restrictions on foreign exchange forward contracts imposed late last year amid a balance of …

Sri Lanka to review overnight forex trading limits: CB governor

May 19, 2009 (LBO) - Sri Lanka will "review" overnight forex trading positions of commercial banks which were slashed during the height of a balance of …

Sri Lanka central bank net forex buyer in April: official data

May 11, 2009 (LBO) - Sri Lanka's central bank has bought 37 million dollars from forex markets in April 2009 in the first full month after 'floating' the rupee …

Sri Lanka forex interventions reduce in March

April 04, 2009 (LBO) - Sri Lanka has spent only 54 million US dollars defending a rupee peg in March with the island's central bank selling 127. buy ciprodex …

Sri Lanka negotiating more forex swaps, Jan intervention U$251mn: Central Bank

Mar 02, 2009 (LBO) - Sri Lanka's central bank says it is negotiating two swap agreements with central banks to boost the country's flagging foreign reserves, …

Sri Lanka to review forex curbs in April: Central Bank

Jan 05, 2009 (LBO) - Sri Lanka would review restrictions imposed on foreign exchange use in April 2009, the central bank said as the rupee continued to weaken …

Sri Lanka exchange rate defence seen as unsustainable

Dec 08, 2008 (LBO) - Sri Lanka's government cannot afford to defend the rupee peg against the dollar at unsustainable levels, a senior aid agency official said …

Sri Lanka petroleum utility hedged to save forex: official

Nov 13, 2008 (LBO) - Sri Lanka's state-run Ceylon Petroleum Corporation hedged its imports after being pushed by the island's central bank in a bid to save …

Sri Lanka central bank puts curbs on forex market

Oct 06, 2008 (LBO) - Sri Lanka' central bank has tightened limits on overnight trading positions of commercial banks, imposed penal interest rates on exporter …

Sri Lanka forex markets search for direction after announcement

Oct 30, 2008 (LBO) - Sri Lanka's forex markets and debt ran out of quotes as dealers searched for direction after the central bank said it was breaking a peg …

Sri Lanka forex markets limp back to life

Oct 30, 2008 (LBO) - Sri Lanka's forex markets limped back to life at 110 rupees to the dollar and edged lower to 111. online pharmacy buy abilify with best …

Sri Lanka forex market steady with intervention

Oct 03, 2008 (LBO) - Sri Lanka's forex markets entered a second day of intervention with a state bank that usually acts for the monetary authority selling …

Sri Lanka port mulls hedging yen loans to avoid forex losses

Oct 02, 2008 (LBO) - The Sri Lanka Ports Authority (SLPA) is considering hedging its yen loans after suffering losses owing to currency fluctuations, its …

Sri Lanka CPC builds up forex reserve: central bank

April 08, 2008 (LBO) - Sri Lanka's state-run Ceylon Petroleum Corporation has been building up a foreign exchange reserve to meet its payments in a bid to …

Sri Lankan businesses focus on forex hedging amid rupee volatility

August 29, 2007 (LBO) - Sri Lankan exporters, importers and freight forwarders are to discuss ways of managing foreign exchange risks at a time when the rupee …

Sri Lanka forex market uncertainty returns; no two way quotes yet

August 27, 2007 (LBO) - Expectations that two-way quotes would resume and exporters would start selling in Sri Lanka's forex markets were dashed early Monday …