Money in Sri Lanka

Sri Lanka Money | Economic News & Forecasts

Sri Lanka - Money

The country is recovering in the first quarter from the recent constitutional crisis, which likely dented growth in Q4 2018. Notably, the rupee appreciated against the dollar in recent weeks while tourism data suggests a rebound in hotel occupancy and bookings in January after a weak December. However, the government is scrambling to buffer its foreign reserves in order to meet repayment obligations of USD 5.9 billion of debt this year, USD 2.6 billion of which is due this quarter. On 15 February, an IMF delegation visited Colombo to discuss resuming its USD 1.5 billion loan program, while Central Bank officials are reportedly in talks with their Indian and Chinese counterparts to secure currency swaps and loans worth USD 1.5 billion each.

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 Rate178.60.02 %Mar 11

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