ECONOMYNEXT – Sri Lanka’s central bank has bought 177.3 million dollars from people in September 2025, a month in which an external ‘current account’ deficit was recorded for the first time in the year, official data shows. Post World War II central banks which print money to cut rates, rejecting classical economics, usually blame ‘current account deficits’ for forex shortages and depreciation, reverting to beliefs held by classical Mercantilists that the trade deficit (deficit in the commercial balance) depreciated money and not the flawed operating framework of the note issuing authority. RELATED : Sri Lanka’s central bank, IMF, World Bank…
Sri Lanka central bank buys US$177mn in September amid current account deficit
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