{"id":132685,"date":"2023-03-03T16:55:13","date_gmt":"2023-03-03T23:55:13","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=132685"},"modified":"2023-03-03T16:55:13","modified_gmt":"2023-03-03T23:55:13","slug":"sri-lanka-to-relax-currency-band-as-it-moves-towards-market-driven-exchange-rate","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2023\/03\/03\/sri-lanka-to-relax-currency-band-as-it-moves-towards-market-driven-exchange-rate\/","title":{"rendered":"Sri Lanka to relax currency band as it moves towards market driven exchange rate"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy Reuters.com<\/em><\/span><\/h2>\n\n\n<p>COLOMBO, March 3 (Reuters) &#8211; Sri Lanka will relax its currency band from next week, its central bank said on Friday, as part of efforts to move towards a market-determined exchange rate as it seeks to secure a $2.9 billion bailout from the International Monetary Fund.<\/p>\n\n\n\n<p>The central bank also raised interest rates by 100 basis points to tackle inflation now running at 50% as the country endures its worst financial crisis since independence from Britain in 1948.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy Reuters.com COLOMBO, March 3 (Reuters) &#8211; Sri Lanka will relax its currency band from next week, its central bank said on Friday, as part of efforts to move towards a market-determined exchange rate as it seeks to secure a $2.9 billion bailout from the International Monetary Fund. The central bank also raised interest rates [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[],"class_list":["post-132685","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/132685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=132685"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/132685\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=132685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=132685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=132685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}