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Sri Lanka rupee hobbled by 203 decree, priority lists, three bonds quoted
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Monday July 19, 2021 8:13 am
Monday July 19, 2021 8:13 am
ECONOMYNEXT – Sri Lanka’s central bank has sold down 5.6 billion rupees from its Treasury bill portfolio potentially saving 27.6 million US dollars at a peg (convertibility undertaking) of 203 to the US dollar, official data shows.
On July 16, 2021, the central bank sold down its Treasury bill stock to 911.44 billion rupees from 917.05 billion a week earlier following a successful Treasury bill auction.
The central bank offered 56 billion rupees in bills at last week’s bill auction and sold all of it, though most came from the 3-month end.
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A week earlier also there was a 4 billion rupee sell-down of bills.
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