Monday, November 28, 2022
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SRI LANKA ORIGINAL NARRATIVE SUMMARY: 25/11

  1. Japanese Investment Bank Nomura warns 7 countries including Sri Lanka are now at a high risk of currency crises: as per Nomura’s estimates Sri Lanka’s score is 138, while a score above 100 indicates a 64% chance of a currency crisis in the next 12 months.
  2. President Ranil Wickremesinghe says privatising profit-making State Owned Enterprises commenced under former President Ranasinghe Premadasa: also says he is following in those footsteps.
  3. Ministerial Advisory Committee on Sports and Youth Affairs that met under the chairmanship of Minister Roshan Ranasinghe learns that an amount of USD 800 has been paid per day to each person who participated in the recent T20 World Cup held in Australia.
  4. Central Bank says Sri Lanka receives around USD 1.45 bn from goods exports and USD 251 mn from services: also says authorities are now “policing” forex earnings: expresses concern that the full amount of Forex is not being converted.
  5. CB Governor Weerasinghe says Sri Lanka is in negotiations with the IMF: admits the December target for finalising the programme cannot be met: says Sri Lanka will definitely be ready to take its request to the IMF Board by January 2023.
  6. Central Bank maintains SDFR and SLFR at current levels: gross official reserves estimated at USD 1.7 bn at end October 22: while CB Governor Weerasinghe says “money printing” has reduced drastically, data shows Treasury Bill issues by Government during his term has increased by over Rs.800 bn.
  7. Public Security Minister Tiran Alles says UN Resident Representative Hanna Singer-Hamdy was pleased with the way law enforcement authorities had controlled the recent Opposition protests.
  8. Government issues gazette relaxing the import ban on several items including Refrigerators, Air-conditioners, Washing Machines and Brake Pads, with effect from 23rd November 2022.
  9. CB Governor Dr Nandalal Weerasinghe admits he receives a salary of Rs.400,000 plus a Pension from the Central Bank: CB sources say Weerasinghe receives a pension of Rs.921,000 on the 10th and salary of Rs.400,000 + allowances of 73,000 on the 25th of every month: sources point out this is the first time in history that an official from the Central Bank receives a salary and pension at the same time.
  10. Sri Lankan batsman Bhanuka Rajapaksa withdraws from Afghanistan’s tour of Sri Lanka: team announced.

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