foreign exchange

November 2021 Reserves Lower than ‘Spider-Man’ Box Revenue

by |12 January 202218 January 2022|Verité in the News

Published on The Morning In November 2021 the foreign reserve position of Sri Lanka fell to a 12-year low of $ 1.6 billion, which Verité Research in a humorous social media post pointed out was marginally higher than the global...

Sri Lanka Economic Summit to feature session on ‘Resetting the Export Portfolio’ on Day-2

by |18 November 202110 December 2021|Verité in the News

Published on DailyMirror The upcoming Sri Lanka Economic Summit 2021will host a lineup of contemporary dialogues under this year’s theme ‘Springboard for revival: Opportunity to reset’. Day two of the event will feature a session dedicated to ‘Resetting the Export...

Verité Research Offers Solutions for USD Liquidity Crisis

by |25 October 202125 October 2021|Verité in the News

Published on The Sunday Times A private think tank institute in Sri Lanka has said Sri Lanka faces bigger challenges ahead in the management of its foreign exchange reserves. “Sri Lanka’s foreign reserve would be completely depleted by the end...

විදේශ විනිමය අනුපාතය – Nishan de Mel on Hiru Evening NewsCast

by |08 September 202113 September 2021|Interviews & Articles

Executive Director Nishan de Mel speaks to Hiru Evening News on the Central Bank's valuation of foreign exchange rates and how it could potentially lead to a deepening of the foreign exchange crisis Sri Lanka is facing.

Delving into the Controversial DCC Rate Hike by Banks

by |29 August 202105 October 2021|Verité in the News

Published on The Morning Sri Lanka’s leading commercial banks decided to limit the foreign exchange transactions through credit cards and hike the Dynamic Currency Conversion (DCC) this past week, which caused panic for IT businesses, as their cost structures changed...