ECONOMYNEXT – Sri Lanka’s Central Bank will introduce a benchmark intra-day reference exchange rate this year to ensure transparency in the foreign exchange market, Central Bank Governor Nandalal Weerasinghe said. The absence of a reference exchange rate has held back the expansion of Sri Lankan forex market and discouraged the trading of rupee-denominated derivatives. The Central Bank last year carried out the necessary preliminary work to implement the benchmark spot exchange rate was. “…a benchmark intra-day reference exchange rate will be introduced in 2026 to foster a transparent foreign exchange market,” Governor Weerasinghe told the gathering when he announced the…
Sri Lanka’s CB to introduce intra-day reference FX rate this year; dealers welcome move
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