@numberslka@ZiyanJunaideen I think its a good starting point for the government, imo this might reduce attempts of bribing the top government official to get certain things done.
@rowmewan1 Your point is right, i think what governor also wants to release many of the restrictions and then see the currency volatility. So that we can minimize unusual fluctuations in the rupee imo.
@theGayan Good points @theGayan overall. But as we have given only a 30% of HC for the commercial credotors as per the ppt which seems to be a lower reduction. Isnt it good for the creditors?
@buddhika_live@kulanthisilva This is one hell of a question i also have but had no clear answer for that yet. IMO they all or majority left due to the country situation not that they really wanted, so they are like cursing now and seems like they do not want to see the country is progressing π€·ββοΈ
@FluentInFinance @PeterWoeste So you don't really bother about buying long end at current rates but not the short end hence short end is much exposed to interest rate risk leading to MtM losses. Thats why you read the inversion between 2 and 10 yrs horizon
@FluentInFinance @PeterWoeste and short term is not safer than the long end in a recession, government try to cover the funding mostly short term hence higher supply lead to higher yields and at the same time this inverted curve is bcz investors tend to think in 10 yrs or more the economy can recover
@FluentInFinance Any idea of how much of losses that the Sri Lankan banks are sitting on? At the beginning of the unprecedented interest rate tightening happened, almost all banks had to transfer their holding from FVOCI book to Held to maturity books which is now carrying guge losses.
π¨π¨π¨ Breaking!!
X2Y2 is once again giving out $X2Y2 Token on their website. I was personally able to claim around 3 ETH worth of X2Y2 Token.
Heres how I was able to claim 3 ETH worth of tokens... a thread π§΅
@theGayan@CSE_Media It is interesting to see how these numbers look after 16th Jan as the new direction on SLF SDF come into effect. Bcz seems the foreign banks who has placed their excess in SDF will still leave some amount in the reserve at no return. So cbsl ideally need to continue with re repos