Economic and Finance Updates
Sri Lanka's currency and financial developments continue to be reported, including fluctuations of the Sri Lankan rupee against the USD. Banking and financial sector developments with international partners are also being covered.
Our rupee's been doing the financial equivalent of slowly backing out of a room while maintaining eye contact with the USD, and meanwhile we're clearing Renminbi like we're the Vegas of South Asia—turns out when your own currency won't cooperate, you just invite everyone else's to the party.
CBSL rates: Sri Lankan rupee depreciates slightly against USD https://t.co/D9sZRsAQ5Q
The Colombo branch of the Bank of China has been authorized to clear Renminbi transactions between the two countries, #SriLanka's Finance Ministry said. https://t.co/ksHwZ9rSke