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NANDALAL WEERASINGHE
You can use PhonePe on your next trip to Sri LankaIndian fintech giant PhonePe has launched its UPI services in Sri Lanka, enhancing cross-border fintech connectivity. The event was attende...- PhonePe UPI payments launched in Sri LankaThe transactions will be facilitated by the UPI and LankaPay National Payment Network. Users can scan LankaQR code to make secure and quick...
- Sri Lankan economy records 4.5% growth in fourth quarter of 2023: Central BankSri Lanka's bankrupt economy is expected to grow by 4.5% YoY in Q4 2023, following six consecutive negative quarters. The Central Bank repo...
- IMF's second tranche finalisation to Sri Lanka in December: Central bank governorSri Lanka was hit by its worst economic crisis in history when the country's foreign exchange reserves fell to a critical low and the publi...
- Sri Lanka records single-digit inflation for the first time since economic crisis: Official dataThe last time single-digit inflation was recorded was 5.8 per cent in September of 2021. The highest inflation since the island nation's ec...
- 'No second chance' to save Sri Lanka, central banker warnsChinese debt has been controversial politically, with Rajapaksa and his elder brother Mahinda -- himself a former president -- accused of t...
- Sri Lanka approves debt restructuring plan in ParliamentThe parliament's approval enables the government to go ahead with the proposed restructuring plan which is part of the prerequisites of a b...
- Sri Lanka's domestic debt restructuring plan approved by special cabinet meeting: President Ranil WickremesinghePresident Ranil Wickremesinghe had earlier given the same assurances on the stability of the banking system and public deposits. Weerasingh...
- Sri Lanka thanks India for backing its $2.9 billion bailout package; issuing guarantees to IMFIn a statement on Wednesday, the Governor of the Central Bank of Sri Lanka Nandalal Weerasinghe thanked India for issuing the necessary gua...
- Sri Lanka bans import of 300 items of consumer goods to stabilise economyThe worsening forex crisis caused essential items shortages triggering massive public protests in the street since early this year that led...
- IMF delegation to visit Sri Lanka this month: Central Bank Governor"The IMF programme is making a good progress, and an IMF mission is planning to visit Sri Lanka towards the end of this month to reach a st...
- Sri Lanka central bank governor signals he will stay in job, warns turmoil impedes IMF talksPresident Gotabaya Rajapaksa plans to resign on Wednesday while Prime Minister Ranil Wickremesinghe has also offered to quit, without speci...
- Fitch downgrades Sri Lanka to “restrictive default”The downgrade comes at a time when the Central Bank governor P Nandalal Weerasinghe conceded on Thursday that Sri Lanka won't be able to pa...
- Sri Lanka lowers amount of foreign currency people can holdCentral Bank Governor Nandalal Weerasinghe told reporters that people are requested to deposit excess foreign currency in a bank or convert...
- Sri Lanka enters default, warns inflation may surge to 40%Sri Lanka has been mired in turmoil amid surging inflation -- which Weerasinghe sees accelerating to 40% in coming months -- a plummeting c...
- Sri Lanka to repay debts after six months: governorCentral Bank of Sri Lanka Governor Nandalal Weerasinghe said there will be no debt servicing until the country was able to restructure its ...
- Sri Lanka central bank chief threatens to quit amid turmoil, former PM whisked to navy baseP. Nandalal Weerasinghe, appointed central bank chief last month to help the island nation of 22 million people find a way out of its worst...
- Sri Lanka economy will 'collapse' if no new govt in 2 days: central bankSri Lanka's economy will "collapse beyond redemption" unless a new government is appointed within two days to restore political stability, ...
- Bankrupt Sri Lanka asks citizens abroad to send home cashThe island nation is in the grip of its worst crisis since independence in 1948, with severe shortages of essential goods and regular black...
- Sri Lanka central bank chief to take office, no takers for finmin job: SourcesThe policy is likely to be unveiled the following morning, after which the new governor is expected to lay out his priorities and plans at ...
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