උඹල පිලිගන්නවද රනිල් රට හොඳට ගෙනියනව කියල @2osama @erozan @N A K A M U R A @nicjosh83 @Mawathagama @hirugalbandara @JBLs @weer 11
ko me UNP ponnayo tika
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රුපියලේ අගය ශක්තිමත් වෙයි : ඩොලරය අගය පහළට
- Thread starter monson
- Start date
ko me UNP ponnayo tika
නෑ බන්. බයියන්ගෙන් අහන්න ඕනෙ රනිල් හොඳට කරනවද කියල
කෝ ඇවිල්ල කියන්න බලන්න බයියනි @2osama @erozan @N A K A M U R A @nicjosh83 @Mawathagama @hirugalbandara @JBLs @weer 11
Sinhalen kata karapan mata ingirisi terenne na.So, these reforms are good, even without the IMF's backing, these reforms alone can boost the rupee, eh?
Boost wenawa temporary. Oya tax reform walin wenne local businesses, industries winasa wena eka, labena okkoma state revenue yanne american company walin gattu naya gewanna. Eka nisa ena kisi benefit ekak na.
Ehema wenawanan IMF ekata 17th parak gihin dan wedak wenna epai
පොහොට්ටු ආණ්ඩුව කියලා කට ඇරෙල කියපන්උඹල පිලිගන්නවද රනිල් රට හොඳට ගෙනියනව කියල @2osama @erozan @N A K A M U R A @nicjosh83 @Mawathagama @hirugalbandara @JBLs @weer 11
ආයෙ සිමෙන්ති කොට්ටෙ 900 එයිද? ලොල් පාන් ගෙඩිය 45 ට එයිද? ලොල්ඩොලර් එක 200 එයි ලගදිම
අන්න එහෙම හිතලා හිත හදාගමු
පොහොට්ටුවක් තියනවද යකෝ. දැන් පොහොට්ටුවෙ යාවජීව නායකයා රනිල්. අහපු එකට උත්තර දීපන්පොහොට්ටු ආණ්ඩුව කියලා කට ඇරෙල කියපන්
රනිල්ට පාර්ලිමේන්තුවේ ආසන කියක් තියෙනවා දපොහොට්ටුවක් තියනවද යකෝ. දැන් පොහොට්ටුවෙ යාවජීව නායකයා රනිල්. අහපු එකට උත්තර දීපන්
උඹ හිතන් ඉන්නෙ තාම රටේ තීරණ ගන්නෙ නාකි මයිනයි බැසිලුයි කියලද?රනිල්ට පාර්ලිමේන්තුවේ ආසන කියක් තියෙනවා ද
මේ ඇත්තද බං? ඇවිල්ල මූට පැහැදිලි කරපන්කෝ
@EVC @ruchira55 @monson
Sri Lanka Widens Currency Trading Band to Secure IMF Bailout
Sri Lanka allowed its currency to trade in a wider band, stepping up efforts to secure a $2.9 billion International Monetary Fund bailout. The rupee advanced.
The currency was allowed to trade at a maximum of 5 rupees from the middle rate effective Monday, the central bank said on its website. The trading band, which was introduced in May, had been set at 2.6 rupees since October. The currency climbed as much as 1.3% to 359.52 per dollar on Tuesday.
“The currency’s immediate strengthening reflects optimism the IMF program may come through imminently,” said Sanjeewa Fernando, senior vice president of research at Asia Securities Pvt Ltd in Colombo. “Real reforms are progressing, but the fruits of them will show in the medium term.”
- https://www.bloomberg.com/news/arti...s-currency-trading-band-to-secure-imf-bailout
Rupee is likely to further appreciate, says NDBS
Thursday, 2 March 2023 02:03
NDB Securities forecasts rupee is likely to further appreciate in the near term following the recent spike.
In a research note it said yesterday that USD/LKR has appreciated by 0.9% since 23 February 2023.
Analysing reasons for this development, NDB Securities (NDBS) said the average daily volume in the interbank FX market is now at $ 42 million vs. $ 8-10 million in the initial days of the crisis (May/June 2022). In February 2018, this used to be around $ 50 million, NDBS recalled.
It also said that the Central Bank (CBSL) has been a net buyer from the FX market in the last three months from $ 6 million in November to $ 104 million in December and $ 211 million in January.
The CBSL also reduced the surrender requirement for export proceeds on 27 February 2023.
“This further strengthens the FX market liquidity,” NDBS said.
CBSL also reduced the export proceeds surrender requirement to 15% from the previous 25%.
On 27 February, the CBSL expanded the daily trading band to +/- LKR 5.00 of the middle spot exchange rate. This used to be +/- LKR 2.60 before.
NDBS said as per its channel checks, banks are flushed with FX liquidity.
Some of the contributory reasons for this according to NDBS were FX conversion by exporters in anticipation of a further appreciation of the LKR; a drop in importer demand (due to a decline in real sector economic activities and import restrictions); and a decline in Current Account Deficit (CAD).
NDBS said the decline in CAD is due to multiple reasons. One was the dwindling trade balance (due to import restrictions, and a slowdown in the real sector). In January 2023, the trade deficit halved YoY to $ 410 million.
Another is the increase in tourism inflows and remittance flows. In January 2023, the former increased by 7%, and the latter rose by 69% - YoY. “The financial account gets a breather from the non-repayment of external obligations,” NDBS added.
In terms of portfolio flows, it said last week saw Rs. 7 billion net foreign inflow to the G-Sec market.
“This could be due to foreign investors now being of the view that currency risk is largely behind us,” it said. Additionally, the YTD net foreign inflow to the equity market was Rs. 3.2 billion vs. Rs. 3.1 billion net outflow a year ago.
In backing its outlook of a likely further appreciation of the Rupee, NDBS said a further improvement in the Current Account Deficit is likely due to a decline in the trade deficit (a function of real sector slowdown to a greater extent), and a healthy increase in tourism inflows and remittance flows.
“The IMF Extended Fund Facility (EFF) also appears close,” it said adding that “While we don’t expect a direct improvement in the interbank FX liquidity due to the receipt of the first tranche of the EFF (CBSL could use this to shore up reserves), inking the deal would be a vote of confidence for investors, resulting in higher portfolio inflows.”
Additionally, NDBS said having an IMF program usually leads to a ‘catalytic effect’. This means an increase in capital flows to the recipient country, especially from Multilateral Development Banks (MDBs), the NDBS added.
- https://www.ft.lk/front-page/Rupee-is-likely-to-further-appreciate-says-NDBS/44-745887
------ Post added on Mar 2, 2023 at 8:19 AM
ඔන්න ම්ං අද කිව්ව කියලා හිතා ගනින් ර්නිල් මහත්තයා ඩොලරෙ සත 50ට බස්සන්ඩ නැද්ද කියලා
