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SL rupee ranked 4th in currency depreciation against USD

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Sri Lanka has ranked fourth in the world in terms of the depreciation of the local currency against the US dollar since January this year.

According to John Hopkins University economist Professor Steve Hanke, the Sri Lankan rupee has depreciated by 49.17%.

Zimbabwe ranked first and the value of the Zimbabwean dollar has depreciated by 77.78% compared to the US Dollar.

Venezuela’s bolívar and Cuba’s Peso are ranked on the second and third positions on the list.

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Mega Power renews lottery history with Rs.474 mn. winner

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The largest lottery prize in Sri Lanka’s history – Rs.474,599,422 was won yesterday (June 16).

The historic win came in the draw number 2210 of the National Lotteries Board’s Mega Power lottery.

The winning ticket was sold by H.A. Janaki Hemamala, a sales agent from Gokarella.

The previous record of Rs.230 million, also won through the Mega Power lottery.

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Over 18,000MT of salt imported to address shortage

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Sri Lanka has imported 18,163 MT of salt between May 22 and June 07, according to Customs.

The total cost of these imports amounted to approximately Rs.1,291 million, with Rs.720 million paid as taxes.

The imports are part of efforts to address the ongoing salt shortage, with a total target of 30,000 MT to be brought into the country.

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CBSL advises banks to further assist affected SMEs

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The Central Bank of Sri Lanka (CBSL), with a view to facilitating sustainable revival of businesses that were adversely affected during the recent past has advised the licensed commercial banks and licensed specialised banks (hereinafter referred to as licensed banks) to provide further concessions to those SME borrowers who commenced discussions for business revival with the respective banks by 31.03.2025. 

These relief measures are in line with Circular No. 04 of 2024 dated 19.12.2024 on Relief Measures to Assist the affected SMEs and the Addendum Circular No. 01 of 2025 dated 01.01.2025.

Accordingly, licensed banks have been advised to provide further concessions including interest reliefs and new lending to affected borrowers while the timeline given to the licensed banks in Circular No. 04 of 2024 to enter into reschedulement agreements with eligible SME borrowers has been extended from 15.06.2025 to 30.06.2025.

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