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Monday 20, March 2000 |
| Last update : | 16.03.2000 |
The information contained in this issue is based on the Central Bank's own computations and data supplied by other institutions.
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Week Week Year ending ago ago Mar. 16 Commercial Bank middle rate - US$ 73.52 73.48 69.47 - STG 115.66 116.22 112.57 - DM 36.04 36.29 38.50 - FFr 10.74 10.82 11.48 - Yen 0.70 0.69 0.59 - Euro 70.48 70.99 75.31 - SDR (As at 15, Mar. 2000) 98.14 98.04 94.24 Central Bank - US$ - Buying rate 72.29 72.30 68.37 - US$ - Selling rate 73.76 73.76 69.76 Central Bank purchases and sales of foreign exchange from Commercial Bank (US$ Mn.) - total for week - Purchases - - - - Sales - - - Forward Rates (US$) - 1 month 74.03 73.94 70.14 - 3 months 74.78 74.74 71.10 (Weekly average based on actual transactions) Average daily inter-bank turnover (US $ Mn.) 8.30 9.40 6.55 In nominal terms, the Rupee appreciated against the US$, Yen and SDR while appreciated against the STG, DM, FFr and Euro.
Week Week Year ending ago ago Mar. 15 Inter-Bank Call Money turnover (a) 5,524 4,819 3,597 Central Bank Secondary Window (a) Treasury Bills - Repo 876 57 644 - Outright sales 10 0 17 - Outright purchases 0 0 0 - Reverse Repo 0 170 32 Treasury bonds - Repo - - - - Outright sales - - - - Outright purchases - - - Reverse Repo 0 569 0 Central Bank holdings - Treasury Bills 17,844 17,899 7,885 - Treasury Bonds 0 519 0 (a) Daily average for week.
Bond series Maturity Maturity Average Yield** Average Yield** period D/M/Y buying selling (Years) price* 11.00% 2000 D 2 01.04.2000 99.75 13.56 99.80 12.95 11.00% 2000 E 2 01.05.2000 99.70 12.43 99.81 11.76 11.00% 2000 F 2 01.06.2000 99.62 12.25 99.69 11.96 11.00% 2000 G 2 01.07.2000 99.52 12.28 99.59 12.07 11.00% 2000 H 2 01.08.2000 99.36 12.51 99.45 12.28 11.00% 2000 J 2 01.09.2000 99.26 12.58 99.43 12.21 11.00% 2000 K 2 01.10.2000 99.32 12.21 99.43 12.01 11.00% 2000 L 2 01.12.2000 98.93 12.49 99.37 11.85 11.00% 2001 A 2 01.05.2001 98.06 12.81 98.29 12.59 11.00% 2001 B 2 15.07.2001 97.72 12.84 98.00 12.61 11.00% 2001 C 2 01.09.2001 97.81 12.65 98.06 12.46 11.00% 2001 D 2 01.12.2001 97.47 12.63 97.64 12.52 10.75% 2002 A 2 01.01.2002 97.63 12.21 97.77 12.12 12.00% 2000 A 3 01.10.2000 99.63 12.64 99.82 12.29 11.75% 2000 A 3 15.10.2000 99.63 12.34 99.78 12.08 11.50% 2001 C 3 01.05.2001 99.03 12.39 99.25 12.18 11.50% 2001 D 3 01.07.2001 98.93 12.36 99.18 12.15 11.50% 2001 E 3 01.10.2001 98.67 12.44 98.91 12.26 11.50% 2001 F 3 01.12.2001 98.85 12.22 98.97 12.14 11.25% 2002 A 3 01.01.2002 97.88 12.56 98.17 12.37 11.25% 2002 B 3 01.03.2002 97.67 11.61 98.00 12.41 11.25% 2002 C 3 01.05.2002 97.04 12.84 97.39 12.65 11.25% 2002 D 3 01.07.2002 97.44 12.53 97.88 12.31 11.25% 2002 E 3 01.08.2002 96.10 12.67 97.46 12.49 11.25% 2002 F 3 01.09.2002 96.94 12.72 97.30 12.54 11.00% 2003 A 3 01.01.2003 97.43 12.52 96.94 12.30 12.25% 2001 A 4 15.05.2001 99.17 12.98 99.45 12.72 11.50% 2001 A 4 01.11.2001 98.75 12.33 99.07 12.11 11.50% 2001 B 4 15.11.2001 98.60 12.41 98.96 12.17 12.00% 2002 A 4 01.07.2002 98.55 12.72 99.09 12.44 12.00% 2002 B 4 01.10.2002 98.25 12.81 99.15 12.38 11.50% 2003 A 4 01.01.2003 96.64 12.94 97.35 12.63 11.50% 2003 B 4 01.03.2003 96.84 12.80 97.44 12.55 11.50% 2003 C 4 01.06.2003 96.52 12.83 96.98 12.65 11.50% 2003 D 4 01.07.2003 96.52 12.80 97.12 12.57 11.50% 2003 E 4 01.09.2003 96.18 12.89 96.84 12.65 11.25% 2004 A 4 01.01.2004 95.61 12.72 96.11 12.55 11.75% 2004 A 5 01.03.2004 96.08 13.04 96.82 12.79 11.75% 2004 B 5 01.09.2004 95.67 13.05 97.01 12.64 11.50% 2005 A 5 01.01.2005 94.24 13.14 97.89 12.94 12.00% 2005 A 6 01.09.2005 97.41 12.67 97.71 12.59 11.75% 2006 A 6 01.01.2006 94.93 13.01 95.21 12.93 * Per Rs. 100 ** Yield to maturity % per annum This report is based on two-way quotes submitted by seventeen primary dealers
Week Week month Year ending ago ago ago Mar.16 Rice (Rs/Kg) - Samba 30.00 30.80 32.10 36.35 - Kekulu 28.00 28.80 28.17 29.45 Vegetables (Rs./Kg) - Pumpkins 20.00 20.00 23.84 23.40 - Ash-plantains 36.00 36.00 39.20 40.00 - Snake gourd 28.00 29.60 25.38 25.60 - Beans 56.00 50.00 43.64 38.85 - Carrots 48.00 41.60 40.19 47.70 - Tomatoes 60.00 41.00 39.62 50.70 Other foods (Rs./Kg) - Red-onions 50.00 50.20 56.60 55.10 - Big-onions 30.00 25.40 44.21 42.05 - Potatoes 34.00 32.40 45.38 36.95 - Dried chillies 110.00 106.00 131.91 125.25 - Eggs 4.20 4.12 3.51 2.95 Fish (Rs/Kg) - Balaya 70.00 80.00 82.51 92.50 - Salaya 30.00 23.00 45.50 45.25 - Paraw 160.00 174.00 185.88 160.00 - Kelawalla 150.00 162.00 142.32 138.50
Week Week month Year ending ago ago ago Mar. 16 Rice (Rs/Kg) - Samba 26.50 26.50 26.50 30.77 - Kekulu 23.50 23.50 23.50 24.50 Vegetables (Rs./Kg) - Pumpkins 4.50 4.50 7.50 11.00 - Ash-plantains 22.50 22.50 22.50 20.00 - Snake gourd 20.00 15.50 19.00 14.00 - Beans 37.50 37.50 37.50 19.00 - Carrots 32.50 32.50 32.50 27.50 - Tomatoes 40.00 27.50 11.00 37.50 Other foods (Rs./Kg) - Red-onions 32.50 30.00 36.00 40.00 - Big-onions 19.50 19.00 15.00 33.00 - Potatoes 25.00 23.50 27.50 29.00 - Dried chillies 89.00 75.00 83.50 99.00 - Eggs 4.10 4.10 4.10 2.80 Fish (Rs/Kg) - Balaya 60.00 60.00 75.00 60.00 - Salaya 22.50 11.00 15.00 27.50 - Paraw 105.00 105.00 120.00 100.00 - Kelawalla 90.00 90.00 105.00 100.00 During the week wholesale prices of rice were unchanged. Prices of snake gourd and tomatoes increased due to a drop in supply. Prices of onions, potatoes and dried chillies increased due to decreased supply in the market. Prices of fresh fish except salaya were unchanged.
Week Week Year ending ago ago Mar. 16 Commercial Bank Prime Lending Weekly average (PLR) 14.36 15.10 15.2 Treasury Bill Yield (TBR) - 3 months (91 days) 11.41 11.39 11.71 - 12 months (364 days) 12.01 11.99 12.49 Central Bank overnight repurchase rate (Repo)(1) 9.00 9.00 11.00 Central Bank overnight reverse repurchase rate (1) 13.30 13.30 14.54 Call Money Weekly Average (CMR) 11.06 12.75 12.69 Sri Lanka inter-bank offer Rate (SLIBOR) (1) - 1 day 12.48 12.98 - - 7 days 12.50 13.04 - - 1 month 12.65 13.00 - Feb. Month Year 2000 ago ago Savings deposits - Commercial Banks 2.0-10.0 2.0-10.0 2.0-10.0 One year fixed deposits 9.0-12.5 9.0-12.5 9.0-12.5 Commercial Bank Average Weighted Deposits (AWDR) 9.06 9.09 9.2 Commercial Bank Average Weighted Fixed Deposits (AWFDR) 10.80 10.80 10.7 Savings deposits - NSB 8.4 9.2 9.6 One year fixed deposits - NSB 10.5 11.5 11.5 Treasury Bonds auction Previous (6Y) (6Y) Mar. 14 Feb. 24 Coupon rate 11.75 11.75 Weighted Average Yield 12.73 12.90 Current Rate on rate Mar. 10 Mar. 16 Central Bank Securities (7 days) Interest Rate 9.16 9.16 Treasury Bill rates increased. Call money rates stabilised within the 9.50 to 13.25 per cent during the week. (1) As at last working day of the week.
1999* 1998 1997 to Dec. Total issues (Rs. bn) 16.2 16.5 11.1 Outstanding (at the end of the period) (Rs. bn) 4.3 4.3 3.5 * Provisional (1) Based on the information provided by Commercial Banks and Merchant Banks.
Feb. Month Year 2000 ago ago Colombo district consumers’ price index (CDCPI) (Oct. 1996-Sep 1997=100) 113.6 113.1 115.6 Annual average change % 2.5 3.1 6.3 Point to point change % -1.7 -2.2 5.4 Dec.99 Month Year ago ago Wholesale price index (WPI) (1974 = 100) 1308.1 1305.5 1314.7 Annual average change % -0.5 -0.1 6.1 Colombo Consumers’ Feb. Month Year Price Index (CCPI) 2000 ago ago (1952 = 100) 2437.7 2408.1 2391.3 Annual average change % 4.1 4.4 8.0 Point to point change % 1.9 0.3 5.0 Jan. Month Year 2000 ago ago Greater Colombo Consumers’ Price Index (GCPI) (Jan-June 1989 = 100) 244.8 245.5 251.1 Annual average change% 3.2 3.8 6.3 The annual average change of the CDCPI computed by the Central Bank of Sri Lanka was 2.5 per cet in February 2000. The WPI showed an annual average change of -0.5 per cent in December, 1999. The rate of inflation as indicated by the CCPI was 4.1 per cent in February 2000. In the food category, prices increased by 0.4 per cent. Prices of rice and curry, condensed milk, milk tea, cummin seed, some varieties of vegetables and fresh fish, red onions and kerosene oil increased during the month, while prices of rice, dried chillies, pepper, some varieties of fresh fish limes, coconut oil and potatoes decreased.
1999 (a) 1998 1999 1999 Jan-Nov Jan-Nov revised original estimates estimates Revenue (Rs. bn) 174.9 153.3 201.40 214.30 Expenditure & lending minus repayments (Rs. bn) 253.1 237.3 290.20 283.30 Current 190.6 181.2 205.10 199.20 Capital & lending minus repayments 62.5 56.1 85.10 84.10 (Government finance data are according to the economic classification) (a) Provisional Total revenue increased by 14.1 per cent over the period.
2000* 1999 % Jan. Jan. change Export Rs. Mn 27,527.2 22,996.2 19.7 - Agricultural Rs. Mn 5,223.5 4,345.8 20.2 - Industrial Rs. Mn 21,299.7 17,554.7 21.3 - Mineral Rs. Mn 783.2 561.1 39.6 - Others Rs. Mn 220.7 534.6 -58.7 Imports Rs. Mn 42,102.9 29,164.8 44.4 - Consumer goods Rs. Mn 6,152.9 6,280.0 -2.0 - Intermediate goods Rs. Mn 20,649.2 14,464.4 42.8 - Investment goods Rs. Mn 14,383.3 7,785.1 84.8 - Other Rs. Mn 917.4 6 35.3 44.4 Trade balance Rs. Mn -14,575.7 -6,168.6 -136.3 Exports (in US terms) US$ Mn 380.9 338.4 12.6 - Agricultural US$ Mn 72.2 64.0 12.8 - Industrial US$ Mn 294.4 258.4 13.9 - Mineral US$ Mn 10.8 8.3 30.1 - Other US$ Mn 3.1 7.9 -60.8 Imports US$ Mn 581.9 429.2 35.6 - Consumer goods US$ Mn 85.0 92.4 -8.0 - Intermediate goods US$ Mn 285.4 212.9 34.1 - Investment goods US$ Mn 198.8 114.6 73.5 - Others US$ Mn 12.7 9.3 36.6 Trade balance US$ Mn -201.4 -90.8 -121.8 * Provisional Export earnings recorded an increase of 12.6 per cent in US$ terms, reflecting increase in industrial agricultural and mineral exports. The increase in imports is reflected in intermediate, investment and other categories of imports.
2000 Month Year Jan. ago ago Total exports - Value 98.2 114.9 87.4 - Quantity 106.8 125.3 93.0 - Unit value 92.0 91.7 93.9 Total imports - Value 98.8 105.0 87.8 - Quantity 98.6 115.2 103.9 - Unit Value 100.2 91.2 84.5 Terms of trade 91.8 100.6 111.2 ** In US$ terms
2000* 1999 % Jan Jan change Tourist arrivals (‘000) 43.3 44.4 -2.5 Earnings from tourism US$ Mn 27.2 27.9 -2.5 Rs. Mn 1,969.0 1,894.6 3.9 * Provisional Tourist arrivals dropped by 2.5 per cent.
2000* 1999 % Jan. Jan. change Total industrial exports Rs. Mn 21,299.7 17,554.7 21.3 - Food, beverages and Tobacco Rs. Mn 778.9 333.7 133.4 - Textiles and apparel Rs. Mn. 15,157.3 12,738.9 19.0 - Petroleum products Rs. Mn 620.6 230.5 169.2 - Leather, rubber etc. Rs. Mn 2,292.6 2,095.6 9.4 - Other Rs. Mn 2,450.3 2,156.0 13.7 Total industrial exports US$ Mn 294.4 258.4 13.9 - Food, beverages and Tobacco US$ Mn 10.8 4.9 120.4 - Textiles and apparel US$ Mn 209.5 187.5 11.7 - Petroleum products US$ Mn 8.6 3.4 152.9 - Leather, rubber etc. US$ Mn 31.7 30.8 2.9 - Other US$ Mn 33.8 31.8 6.3 * Provisional Industrial exports increased by 13.9 per cent in US$ terms mainly due to increases in earnings from food, beverages & tobacco, textiles & apparel, petroleum products and leather & rubber products categories.
1999(a) Month Year End Dec. ago ago M1 (Rs. bn) 108.6 103.7 96.3 M2 (Rs. bn) 358.1 350.0 316.2 M2b (Rs. bn) 428.3 419.3 377.7 Net foreign assets of the banking system (Rs. bn) (b) 102.1 101.9 105.6 Net domestic assets of the banking system (Rs. bn) (b) 326.2 317.4 272.1 - Net credit to government (Rs. bn) 93.9 86.6 64.6 - Credit to corporations (Rs. bn) 13.4 10.5 10.8 - Credit to the private sector (Rs. bn) 325.6 325.0 294.1 Reserve money (Rs. bn) 100.4 94.8 92.9 Annual change (%) M1 12.8 11.6 12.1 M2 13.3 14.2 9.7 M2b 13.4 14.5 13.2 Net foreign assets of the banking system (b) -3.4 0.8 16.7 Net domestic assets of the banking system (b) 19.9 19.7 11.9 - Net credit to government 45.3 45.6 42.8 - Credit to corporations 23.5 8.9 -26.1 - Credit to the private sector 10.7 11.9 11.8 Reserve money 8.2 6.2 10.9 (a) Provisional (b) In relationto M2b
1999* 1998 % Dec. Dec. change Central Government Employees (1978 = 100) 1,001.4 1,001.4 0.0 Workers in wages boards 977.6 977.4 0.0 - Agriculture 1,116.0 1,115.9 0.0 - Industry & Commerce 829.4 828.3 0.1 - Services 559.7 559.7 0.0 * Provisional Nominal wages of workers in Wages Boards have increased marginally.
2000* 1999 % end Jan. end Dec. change External Assets Total reserves(a) US$ Mn 2,540 2,582 -1.6 Rs. Mn 184,312 185,959 -0.9 2000* 1999 % Mar. 03 End Dec. Change Gross official reserves US$ Mn 1,643 1,639 0.2 Rs. Mn 119,818 118,013 1.5 1999* 1998 % Jan-Nov Jan-Nov change Private remittances - Inflows US$ Mn 967 923 4.8 Rs. Mn 67,958 59,454 14.3 - Outflows US$ Mn 149 139 7.2 Rs. Mn 10,494 8,931 17.5 - Net US$ Mn 818 784 4.3 Rs. Mn 57,464 50,522 13.7 * Provisional (a) In the presentation of BOP data, FCBUs have been treated as part of the domestic banking system. The total level of foreign reserves was sufficient to finance 4.6 months of projected imports (without Air Crafts) for 2000.
2000 1999 % Jan. Jan. change Exports (Colombo auction price) - Tea Rs./Kg 132.89 122.30 8.66 Imports (C & F) - Rice Rs./Mt 16,729.45 14,665.00 14.08 - White sugar Rs./Mt 14,498.06 17,937.12 -19.17 - Crude Oil Rs./Barr.1,880.20 731.91 156.89 - Wheat Rs./Mt 9,651.00 9,547.96 1.08 Exports (Colombo Auction Price) - Tea US$/Kg 1.84 1.80 2.22 Imports (C & F) - Rice US$/Mt 231.20 215.83 7.12 - White sugar US$/Mt 200.36 263.98 -24.10 - Crude Oil US$/Barr.25.98 10.77 141.23 - Wheat US$/Mt 133.38 140.52 -5.08 The information contained in this issue is based on the Central Bank’s own computations and data supplied by other institutions.
End Nov Month year 1999(a) ago ago Domestic Debt Rs. bn 536.5 529.0 446.3 By maturity - Short term Rs. bn 178.6 174.4 149.8 - Medium & long-term Rs. bn 357.9 354.6 296.5 By institution - Non-bank Rs. bn 401.4 399.3 344.2 - Bank Rs. bn 135.1 129.7 102.1 Foreign Debt Rs. bn 501.6 500.3 445.9 - Concessional Rs. bn 491.3 489.9 431.0 - Multilateral Rs. bn 225.8 225.7 205.1 - of which; IDA Rs. bn 118.1 118.4 109.3 - ADB Rs. bn 101.9 102.3 90.6 - Bilateral Rs. bn 265.5 264.2 225.9 - of which; Japan Rs. bn 161.5 160.7 124.7 - Non-concessionalRs. bn 10.3 10.4 14.9 Total Debt Rs. bn 1,038.1 1,029.3 892.2 Foreign Debt US$ bn 7.0 7.0 6.6 Concessional US$ bn 6.8 6.8 6.4 Multilateral US$ bn 3.1 3.2 3.0 of which; IDA US$ bn 1.6 1.7 1.6 ADB US$ bn 1.4 1.4 1.3 Bilateral US$ bn 3.7 3.7 3.4 of which; Japan US$ bn 2.2 2.2 1.9 Non Concessional US$ bn 0.1 0.1 0.2 (a) Provisional The total outstanding public debt increased by 16.4 per cent compared to the end of November 1998.
