Sri Lanka’s interbank forex markets are not allowed to deal above 200 to the US dollar and import customers are not allowed to be given dollars above 203 to the US dollar in curbs announced after money printing triggered forex shortages.
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Sri Lanka had about 4.0 billion dollars of gross official reserves of which a billion US dollars flowed out for bond payment on July 26. However about 200 is expected to be recouped with swaps from the domestic holders of bonds who hold about 310 million US dollars, Minister Cabraal said. It is the practice for analysts to measure reserves in months of imports.
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They offer fixed rates determined through competitive bidding. The issue opens today with 30 July as the date of settlement. The previous SLDB issue was in June aimed at raising $ 100 million. However, it drew bids amounting to 35% of the issue.
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Apparel grew 3.0 percent to 414 million US dollars, tea grew 7.8 percent to 123 million dollars, rubber products were up 38 percent to 123.9 million, coconut products were up 8.6 percent to 70.6 million US dollars.
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Colombo Consumer Price Index, whose food component had been reduced from the 1980s rose to 5.2 percent in June while a nation-wide index has risen more. The central bank said official reserves were estimated at 4.0 billion US dollars in June or about 2.7 months of imports.
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SriLankan, along with Qatar kept the country connected in the worst months of the Coronavirus crisis when airports shut down and airlines were grounded in many countries.
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This variant has been monitored as an alert for an extended period, and upon more information and updated assessments, is now considered as meeting the VOI working definition based upon evidence of continued emergence and suspected phenotypic implications, international media reported. Lambda has been associated with substantive rates of community transmission in multiple countries, with rising prevalence over time concurrent with increased COVID-19 incidence, reports said.
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“The delivery of this first batch of vaccines reflects the joint work of the government of Sri Lanka and its partners to ensure fair access to safe and effective vaccines for Sri Lankans,” Faris H. Hadad-Zervos, World Bank Country Director for Maldives, Nepal, and Sri Lanka said in a statement.
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