Currency

Brussels (08/11 – 50) On March 20, the IMF approved a $3 billion Extended Fund Facility (EFF) to support Sri Lanka amid its economic crisis. The approval is expected to…

London (05/11 – 44.44) Benjamin Wey, a Chinese-American financier, founder of Fintech Holdings and a history of legal trouble, is suing Sri Lanka for $250 million. Wey claims that he was…

London (15/11 – 67) The streets in Colombo, Sri Lanka, erupted into celebration on July 13, 2022 after weeks of peaceful protests forced then-President Gotabaya Rajapaksa to flee the country. Rajapaksa, long…

Paris (15/11 – 75) Sri Lanka has reached an agreement with the China Exim bank on the principles and terms of a $4.2 billion debt settlement, the country’s finance ministry…

Toronto, Atlanta (28/11 – 20) A wise old expression intones “Behind every bad borrower is a bad lender”. Like many such cute, amusing aphorisms, it is accurate as far as…

Colombo: Sri Lankan President Ranil Wickremesinghe on Monday presented his government’s 2024 budget, emphasising the need for tough reforms until the full recovery of the cash-strapped island nation’s economy. Although Sri…

Toronto, Atlanta (10/11 – 50) As recently as the early 1980s, central bankers around the world could be heard moaning and groaning about having to hold physical gold reserves to…

After decades of tension, clashes, and wars, Armenia and Azerbaijan appear to be the closest they have ever been to concluding an official peace following Armenia’s prime minister’s explicit recognition of…

After Azerbaijan imposed a blockade on Nagorno-Karabakh on December 12, vehicles of Russian peacekeepers and the International Committee of the Red Cross (ICRC) were still able to access the region…

The best way to clearly guarantee the rights and security of the people of Nagorno-Karabakh is direct and substantive discussions between Baku and Stepanakert with international participation, ARMENPRESS reports, the…