Lanka foreign exchange

Forex crisis: Sri Lanka lowers limit of foreign currency people can hold to USD 10,000

Amid fuel crisis, Energy Minister Kanchana Wijesekera said that posts shared on MPs being given subsidised fuel rates are false.

published on : 19th May 2022

Sri Lanka to sign USD 500 million credit line with India on February 2

The credit line, which was under negotiations since August 2021, would ease pressure on the country's dwindling reserves that had dipped to USD 3.1 billion by December 2021.

published on : 2nd February 2022

Sri Lanka settles sovereign bond payment as reserves dwindle

Including the latest payment, Sri Lanka has foreign debt obligations exceeding $7 billion in 2022, including repayment of another bond worth $1 billion in July.

published on : 20th January 2022

Sri Lanka to hold talks with Indian Oil to tide over energy crisis

Sri Lanka is grappling with a shortage of almost all essentials due to the lack of foreign exchange to pay for its imports.

published on : 17th January 2022

Fitch downgrades Sri Lanka as default fears mount

published on : 18th December 2021