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Message: <blockquote data-quote="monson" data-source="post: 28665026" data-attributes="member: 30005"><h3>Sri Lanka rupee opens 320.00/330 to the US dollar</h3>Tuesday March 7, 2023 10:17 amECONOMYNEXT – Sri Lanka’s rupee opened around 320/330 to the US dollar, up from Friday’s close of 336/338 after the central bank completely lifted a surrender rule and a guidance peg.Trades were done around 325 to 330 rupees, dealer said.Sri Lanka’s central bank has hiked rates and has phase out money printing and private credit is negative.Meanwhile many banks are also keeping cash parked in the central bank without lending, further reducing outflows.Under an IMF program the central ban will buy dollars and prevent an appreciation of the currency and build reserves, amid slower domestic credit.</blockquote>

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