Sri Lanka Foreign Reserves

Sri Lanka has no money to pay even one ship carrying fuelSri Lanka has no money to pay even one ship carrying fuel

Sri Lanka has no money to pay even one ship carrying fuel

<p> <strong>Cash starved Sri Lanka, which has run out of fuel, asked its citizens not to queue up at gas…

3 years ago
Is Sri Lanka set for regime change after Mahinda Rajapaksa flees to Trincomalee?Is Sri Lanka set for regime change after Mahinda Rajapaksa flees to Trincomalee?

Is Sri Lanka set for regime change after Mahinda Rajapaksa flees to Trincomalee?

<p> <strong>Sri Lanka is facing the worst economic crisis since its independence in 1948. The South Asian Island nation is…

3 years ago
Sri Lanka’s stock exchange once again forced to halt trading amid heavy lossesSri Lanka’s stock exchange once again forced to halt trading amid heavy losses

Sri Lanka’s stock exchange once again forced to halt trading amid heavy losses

<p> <strong>Amid deepening economic crisis and plummeting liquid stocks, the Sri Lankan stock market halted trading on Monday soon after…

3 years ago
India decides to bail out cash-strapped Sri Lanka–likely to announce another $1 bn line of credit soonIndia decides to bail out cash-strapped Sri Lanka–likely to announce another $1 bn line of credit soon

India decides to bail out cash-strapped Sri Lanka–likely to announce another $1 bn line of credit soon

<p> <strong>India has almost finalized extension of another $1 billion line of credit to cash strapped Sri Lanka. Earlier during…

3 years ago
Owners of Wagon R cards in Sri Lanka may have to drive without mirrorsOwners of Wagon R cards in Sri Lanka may have to drive without mirrors

Owners of Wagon R cards in Sri Lanka may have to drive without mirrors

<p> <strong>Amid an acute financial crisis in Sri Lanka, demand for side mirrors of Suzuki’s Wagor R is on the…

3 years ago
India rushes diesel to Colombo as cash-strapped Sri Lanka runs out of fuelIndia rushes diesel to Colombo as cash-strapped Sri Lanka runs out of fuel

India rushes diesel to Colombo as cash-strapped Sri Lanka runs out of fuel

<p> <strong>India has delivered 40,000 metric tonnes of fuel to cash strapped Sri Lanka to help it in preventing disruption…

3 years ago
Indian tourists flock to Sri Lanka, as Colombo resumes visa on arrival facilityIndian tourists flock to Sri Lanka, as Colombo resumes visa on arrival facility

Indian tourists flock to Sri Lanka, as Colombo resumes visa on arrival facility

<p> <strong>For cash strapped Sri Lanka, the start to this year has been promising with foreign tourists beginning to arrive.…

3 years ago
Covid batters Sri Lanka–drop in tourism, expat remittances force Colombo to seek the IMF’s ‘advice’Covid batters Sri Lanka–drop in tourism, expat remittances force Colombo to seek the IMF’s ‘advice’

Covid batters Sri Lanka–drop in tourism, expat remittances force Colombo to seek the IMF’s ‘advice’

<p> <strong>Even as a near bankrupt Sri Lanka averted a default by repaying $500 million international sovereign bond (ISB) in…

3 years ago
Sri Lanka shuts down power station as fuel runs out due to forex crisisSri Lanka shuts down power station as fuel runs out due to forex crisis

Sri Lanka shuts down power station as fuel runs out due to forex crisis

<p> Sri Lanka on Wednesday faced a severe crisis after it had to shut down the Kelanitissa Power Plant during…

3 years ago
Rajapaksa addresses parliament: focuses on rapprochement, economy and balance between powersRajapaksa addresses parliament: focuses on rapprochement, economy and balance between powers

Rajapaksa addresses parliament: focuses on rapprochement, economy and balance between powers

<p> Sri Lankan President Gotabaya Rajapaksa addressed the parliament on Tuesday, highlighting the challenges before the country and his government's…

3 years ago
Sri Lanka announces $1 billion relief for people as New Year giftSri Lanka announces $1 billion relief for people as New Year gift

Sri Lanka announces $1 billion relief for people as New Year gift

<p> Amid surging anger and food shortages, the Gotabaya Rajapaksa government has unveiled a Rs 229-billion ($1 billion) relief package…

3 years ago
India, Sri Lanka inch closer to a financial deal as Chinese Foreign Minister Wang Yi plans a visitIndia, Sri Lanka inch closer to a financial deal as Chinese Foreign Minister Wang Yi plans a visit

India, Sri Lanka inch closer to a financial deal as Chinese Foreign Minister Wang Yi plans a visit

<p> India is likely to extend a financial deal to Sri Lanka to help it tide over its foreign exchange…

3 years ago
Foreign exchange crisis forces Sri Lanka to close missions in Germany, Nigeria and CyprusForeign exchange crisis forces Sri Lanka to close missions in Germany, Nigeria and Cyprus

Foreign exchange crisis forces Sri Lanka to close missions in Germany, Nigeria and Cyprus

<p> Sri Lanka has decided to close three overseas missions--the Sri Lanka High Commission in Nigeria; the Consulate General of…

3 years ago
Cash-strapped Sri Lanka barters tea for oil from IranCash-strapped Sri Lanka barters tea for oil from Iran

Cash-strapped Sri Lanka barters tea for oil from Iran

<p> Sri Lanka and Iran have signed a barter agreement under which Colombo will pay off its oil debt to…

3 years ago
Tourism gets hit in Sri Lanka as hotels & restaurants shut down due to shortage of cooking gasTourism gets hit in Sri Lanka as hotels & restaurants shut down due to shortage of cooking gas

Tourism gets hit in Sri Lanka as hotels & restaurants shut down due to shortage of cooking gas

<p> <strong>An acute shortage of cooking gas has hit Sri Lanka’s hospitality sector. The shortage of this essential item has…

3 years ago

India looking at currency swap option to help exporters as Sri Lanka plunges into forex crisis

<p> <strong>With the deepening of Sri Lanka’s foreign exchange crisis, India could look at coming out with a currency swap…

3 years ago