Money in Sri Lanka

Sri Lanka Money | Economic News & Forecasts

Sri Lanka - Money

Despite growing a healthy 3.2% year-on-year in the first quarter, the economy has started showing signs of strain. Capital outflows due to expectations of faster-than-expected U.S. monetary policy normalization led the rupee to lose value since late April; it hit an all-time low against the dollar on 13 June. The Central Bank has stayed on the margins so far, stating in May that there is no need to intervene in the forex markets, as the depreciation is not indicative of weak economic fundamentals at home, and international reserves are expected to increase. The country is expected to receive over USD 252 million from the IMF after satisfactorily completing the fifth review under the Extended Fund Facility program and over USD 1.0 billion in loan payments.

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 Rate159.60.02 %Jul 13

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