Sri Lanka Sri Lanka

Daily Exchange Rate from CBSL

Reading now: 750

COLOMBO (News 1st); The Central Bank of Sri Lanka (CBSL) published the daily exchange rates on its official website. Here are today’s exchange rates:USD Buy 358.3300 Sell 369.3395GBP Buy 408.4687 Sell 425.1863EUR Buy 351.5307 Sell 366.8769JPY Buy 2.4772 Sell 2.5824AUD Buy 238.2419 Sell 249.9050.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

HRCSL to investigate causes of economic crisis - - Sri Lanka
HRCSL to investigate causes of economic crisis
COLOMBO (News 1st) – The Human Rights Commission of Sri Lanka has planned to initiate an investigation into the causes of the economic crisis in the country.The HRCSL said that special attention will be given to the impact of ever-changing political reasons that resulted in policy changes within the economy.Moreover, the Commission  expects to pay attention to the way in which authorities have acted in making policy decisions that caused the economic downturn, such as ignoring national interests while separating ministries from their scope.The commission also stated it expects to record statements from officials at the Central Bank of Sri Lanka, the Ministry of Finance, the ministries related to the implementation of national policies, which are directly related to the economy of the country, and those who are currently working at those institutions in addition to those who had worked at the relevant ministries in the past.Accordingly, the support of several economic experts will also be obtained for the relevant matter.The Human Rights Commission emphasized that the investigation is being conducted due to the violation of people's right to life through the economic crisis.Recently, the United Nations Human Rights Commissioner had also explained facts regarding the economic crimes in Sri Lanka in the report presented to the 51st Human Rights Council session held recently.In that report, she pointed out that in order to obtain a permanent solution to the economic crisis that has affected the human rights of all communities, attention must be paid to the corruption that is rooted in this country.The United Nations Human Rights Commissioner also emphasized the need to take action regarding past and recent human rights
Susanna Reid - Buckingham Palace - Susanna Reid wishes Queen were 'immortal' in emotional post amid royal health scare - - Britain - Scotland
Susanna Reid wishes Queen were 'immortal' in emotional post amid royal health scare
Susanna Reid has penned an emotional tribute to Her Majesty the Queen on Instagram amid growing concerns for the monarch's health.It follows news on Thursday (September 8) that the Queen has been placed under medical supervision at Balmoral Castle in Scotland.A statement from Buckingham Palace said doctors have grown "concerned" for Her Majesty's health and that she remains "comfortable" at Balmoral.READ MORE:Susanna Reid, 51, hailed 'super sexy' by fans as she shares glam snap ahead of GMBThe full statement read: "Following further evaluation this morning, the Queen's doctors are concerned for Her Majesty's health and have recommended she remain under medical supervision."It added: "The Queen remains comfortable and at Balmoral."GMB host Susanna took to Instagram with a poignant tribute to the monarch, where she admitted she wished the Queen were "immortal".The ITV star shared two beautiful snaps of Her Majesty smiling as she wore her iconic pearl necklaces.One was from many moons ago and saw her sporting her iconic jewel-encrusted crown, with the second showing her clutching her walking stick in a gorgeous blue jumper.Susanna wrote: "No one more likely to be so loved, admired and respected than Her Majesty The Queen and although she cannot be immortal, I think we have always hoped she might be."Fans of the GMB star flooded to the comments to pen thoughtful messages of their own.One fan wrote: "Very true [heart emoji] cannot imagine the monarchy without our Queen."Another said: "Think we all agree on that sentiment, the greatest woman of our time."A third commented: "You’ve expressed my thoughts exactly.
Peter Breuer - Money printing fueling inflation; CBSL autonomy paramount – IMF Mission Chief - - Sri Lanka
Money printing fueling inflation; CBSL autonomy paramount – IMF Mission Chief
COLOMBO (News 1st); IMF Mission Chief for Sri Lanka Peter Breuer pointed out that the printing of money by the Central Bank of Sri Lanka to finance the government in the absence of any other creditors is fueling inflation.He told the BBC Sinhala Service that restoring the independence of the Central Bank and eliminating monetary financing will be a very important part to prevent rising inflation."We envisaged that the Central Bank Act, that ensures proper independence of the Central Bank, will be an important ingredient in restoring macroeconomic stability in Sri Lanka," said the IMF Mission Chief.USD 2.9 Billion is not too little, and not too late, said Peter Breuer, the IMF Mission Chief of Sri Lanka in Colombo.He told the BBC Sinhala Service that Sri Lanka has committed to a comprehensive set of economic reforms that will help put the economy back on a strong and durable growth trajectory, and this financing from the IMF will be available upon approval by the IMF Management and Executive Board.He said the Extended Fund Facility from the IMF will help catalyze other financings from other sources, other multilateral lenders, bilateral flows, and private flows, that will help restore confidence in the Sri Lankan economy and regain growth, etc.According to Peter Breuer, before the first tranche of the USD 2.9 Bn is disbursed, there are a number of matters that need to be addressed between the Staff-Level Agreement, and proposing a program to the IMF Executive Board."There are a number of prior actions agreed with the authorities, that they would undertake in order to continue with the economic reform that they have already started," he said citing the 2023 Budget which is consistent with the macroeconomic framework and
Weak Regulators Framework root cause for loan issue – Verite’ - - China - Sri Lanka
Weak Regulators Framework root cause for loan issue – Verite’
Colombo (News 1st); The root causes of problems associated with loans taken to finance infrastructure are weak regulatory frameworks in the country and the excessive discretion exercised by both politicians and public officials in making decisions revealed a new report by Sri Lanka's Verite' Research.The publication titled “The Lure of Chinese Loans: Sri Lanka’s experiment with a special framework to finance its infrastructure” highlights that fixing the country’s procurement regulatory framework and improving independent oversight of the procurement process is essential to prevent irresponsible borrowing, cost overruns, and poor project selection.Sri Lanka does not have a procurement law enacted by Parliament, and the procurement guidelines that govern procurement can be modified with Cabinet approval. In 2010, Sri Lanka introduced a framework that allowed the Cabinet of Ministers to approve the processing of projects that originated as Unsolicited Proposals (USPs) outside the normal competitive bidding process. Cabinet approval is given based on the recommendation of a Standing Cabinet Appointed Review Committee (SCARC).This framework was in operation till 2016. The objective was to tap into concessional loans from export credit agencies of emerging economies such as China to finance the government’s ambitious infrastructure development plan.The period 2010-2016 can be considered the golden era for financing from China, with Sri Lanka receiving USD 5,895 million in loans from China.