ECONOMYNEXT – Sri Lanka’s central bank has bought 177.3 US dollars from commercial banks in September 2025, up from 142.5 million US dollars in August, taking the total so far in 2025 to 1,415.9 million US dollars, official data show. In late 2024, the central bank lost the ability to buy dollars as it printed almost 100 billion rupees through inflationary open market operations to mis-target call money rates ending a scarce reserve regime for the ‘single’ policy rate, triggering a public outcry. However, purchasing dollars and keeping excess liquidity high, including through dollar-rupee buy-sell swaps, downward pressure can be…
Sri Lanka central bank buys $177.3mn from banks in Sept 2025
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