Sri Lanka should adopt a currency board, like the one it had from 1854 to 1950, before it changed its name in 1972 from Ceylon to Sri Lanka.

It’s time for Sri Lanka to do the one and only thing that will permanently remove it from the IMF’s intensive-care ward. It should revert to a currency-board system, like the one it had for 66 ...

Sri Lanka's World Cup campaign ended on Thursday and there is no cricket happening in the country until December. No ICC funds are due to go to SLC until January. Editor's Picks ...

Sri Lanka Has 'No Room for Policy Errors' in Economic Reforms, IMF Says. By Reuters | June 16, 2025. ... which will give it access to about $344 million in financing upon board approval.

But none of this would preclude a currency board in Sri Lanka. We are an island of 23 million people, and there are no weak banks now in operation in our country.

Sri Lanka's sports minister on Tuesday revoked the sacking of the country's cricket board over allegations of corruption, in an effort to end its suspension by the International Cricket Council.

On 08 March, Sri Lanka devalued the rupee against the US dollar, entering into a floating exchange rate regime. The Central Bank of Sri Lanka had to abandon the pegged exchange rate as defending the ...

If it did not, Sri Lanka would no longer be indulged if it fell off the wagon and returned to its spendthrift ways at the first sign of stability, he warned. “This time, the 17th time with the ...

By Andrea Shalal WASHINGTON (Reuters) -Sri Lanka has made substantial progress on an IMF-supported economic reform program, but more work is needed to reduce the Asian country's 24.5% poverty rate ...

Sri Lanka's sports minister on Tuesday revoked the sacking of the country's cricket board over allegations of corruption, in an effort to end its suspension by the International Cricket Council.