Money in Sri Lanka

Sri Lanka Money | Economic News & Forecasts

Sri Lanka - Money

After the second quarter’s robust performance, the economic landscape has rapidly deteriorated in recent weeks. While the trade deficit continued to swell in August, in October the rupee plunged to new lows against the dollar. On 26 October, a deep political crisis erupted, as President Sirisena sacked Prime Minister Wickremesinghe, replacing him with Mahinda Rajapaksa—a former president with a record of human rights violations—and forcing parliament into recess. However, Wickremesinghe challenged the move as unconstitutional and refused to leave office. The crisis could threaten Sri Lanka’s democracy, financial markets, tourism industry and credit rating, and has already caused the freezing of planned investment and foreign aid from the U.S. and Japan.

Sri Lanka - Money Data

2013  2014  2015  2016  2017  
Money (annual variation in %)18.0  13.1  17.2  18.9  17.5  

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Sri Lanka Money Chart

Sri Lanka Money
Note: Money, annual variation of M2 in %.
Source: Central Bank of Sri Lanka (CBS)

Sri Lanka Facts

Exchange Rate179.00.02 %Dec 11

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