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As reported in the media China has approved a 10 billion yuan ($1.54 billion) currency swap with Sri Lanka. Prior to this Sri Lanka settled a $ 400 million currency swap with the reserve bank of India. So what are all these currency swaps and how do they work?Continue Reading

While the Sri Lankan government is steadfast on repaying its debt, Verité Research Director Dr. Nishan de Mel shares his perspective on why Sri Lanka should instead focus on debt restructuring to alleviate the country and its people from economic hardships.Continue Reading

Hit hard by the covid-19 pandemic, Sri Lanka is facing its most severe financial crisis in years. The nation’s inflation rate accelerated to 14% in December 2021 which is up from 11.1% a month earlier. Now for the second consecutive month, the country has recorded double-digit inflation growth.Continue Reading