Category: Forex
Sri Lanka forex market steady with intervention
Oct 03, 2008 (LBO) – Sri Lanka’s forex markets entered a second day of intervention with a state bank that usually acts for the monetary authority selling dollars at 108.00 rupees, dealers said. Central Bank governor Nivard Cabraal told LBO that the state bank “could continue to sell” if required.buy clomid online buy clomid online […]
Sri Lanka port mulls hedging yen loans to avoid forex losses
Oct 02, 2008 (LBO) – The Sri Lanka Ports Authority (SLPA) is considering hedging its yen loans after suffering losses owing to currency fluctuations, its acting chairman Priyath Bandu Wickrema said. The SLPA is heavily overstaffed because successive governments have recruited supporters to gain votes. To receive instant alerts from LBO on your Dialog mobile […]
Sri Lanka CPC builds up forex reserve: central bank
April 08, 2008 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation has been building up a foreign exchange reserve to meet its payments in a bid to prevent pressure on forex market, top Central Bank officials said. online pharmacy buy abilify with best prices today in the USA online pharmacy buy diflucan with best prices […]
Sri Lankan businesses focus on forex hedging amid rupee volatility
August 29, 2007 (LBO) – Sri Lankan exporters, importers and freight forwarders are to discuss ways of managing foreign exchange risks at a time when the rupee has started weakening against the dollar. online pharmacy buy abilify with best prices today in the USA buy diflucan online https://www.indcheminternational.com/wp-content/uploads/2022/08/png/diflucan.html no prescription pharmacy online pharmacy buy celexa […]
Sri Lanka forex market uncertainty returns; no two way quotes yet
August 27, 2007 (LBO) – Expectations that two-way quotes would resume and exporters would start selling in Sri Lanka’s forex markets were dashed early Monday after official interventions spread unease among dealers. buy avana online avana online generic Banks stopped quoting two-way in the interbank forex market after the central bank started intervening and terrorizing […]
Sri Lanka’s Central Bank not unduly worried about weak exchange rate
November 02, 2006 (LBO) – Sri Lankan rupee briefly sank to a lifetime low on Wednesday, but the Central Bank says they are not worried about it, despite regularly pumping 390 million dollars to defend the currency. “Public enemy no: 1 is inflation,” says deputy governor W A Wijewardena. “Its like people have a good […]
Sri Lanka reports US$ 400 million lower foreign exchange reserves in May
June 16,2006 (LBO) Sri Lanka’s official reserves fell to 3.4 months of imports, as the central bank spent almost 100 million dollars defending the currency in May, the latest data released by the country’s Central Bank showed. In the June monetary policy statement released Friday, Central Bank said gross official reserves stood at 2.6 billion […]
‘s money markets tighten, pressure mounts on the exchange rate
June 1, 2006 (LBO) – After almost two years of excess liquidity, Sri Lanka’s inter-bank money markets are tightening up, as reserve money growth is arrested. This usually happens when net foreign assets fall due to an outflow of foreign exchange reserves, though a fall in domestic assets could also drive down reserve money. But […]
Sri Lanka’s money markets tighten, pressure mounts on the exchange rate
June 1, 2006 (LBO) – After almost two years of excess liquidity, Sri Lanka’s inter-bank money markets are tightening up, as reserve money growth is arrested. This usually happens when net foreign assets fall due to an outflow of foreign exchange reserves, though a fall in domestic assets could also drive down reserve money. But […]
Exchange rate mix up leaves Vanik further in debt
Vanik Inc. is asking extra time to pay off its debenture holders, as an exchange rate mix up, left it short of cash after disposing a stake in its Bangladesh operation. Vanik Inc. is asking extra time to pay off its debenture holders, as an exchange rate mix up, left it short of cash after […]
China revalues yuan; repegs to basket of currencies
China Thursday revalued its currency for the first time in about a decade, scrapping the peg to the dollar in favour of a basket of currencies. buy clomiphene online https://www.indcheminternational.com/wp-content/uploads/2022/08/png/clomiphene.html no prescription pharmacy China Thursday revalued its currency for the first time in about a decade, scrapping the peg to the dollar in favour of […]
Malaysia scraps dollar peg, ringgit now under managed float: official
KUALA LUMPUR, July 21 (AFP) – Malaysia has scrapped the ringgit currency’s seven-year-old peg to the dollar and will move to a managed float, central bank governor Zeti Akhtar said Thursday shortly after China revalued the yuan. online pharmacy buy cipro with best prices today in the USA KUALA LUMPUR, July 21 (AFP) – Malaysia […]
