Sri Lanka
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Sri Lanka cuts rates as polls loom...cent this year. A bitter political battle could harm the country's economic recovery efforts as lower lending rates, added to rising commodity prices and excess liquidity, stoke fears of high inflation and a weak rupee. Any rise in... In this article: Inflation, Mahinda Rajapaksa, Sri Lanka, Sarath Fonseka, Colombo, Tamil Tigers, Colombo Stock Exchange, and International Monetary Fund |
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Daily Express | 5 days ago
The new golden age
...International Monetary Fund, replacing rapidly depreciating dollar and euro assets. Sri Lanka, China and South Korea are all considering a similar action. So it s a catastrophic shame that Gordon Brown foolishly sold off more than half of...
In this article: Gordon Brown, Harrods, Taliban, Ticino, Europe, Customers, Recession, and Bank of England
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FT.com - Financial Markets News | 5 days ago
Mauritius becomes latest nation to buy gold
...the world's main reserve currency. News of the move by Mauritius came only days after India bought 200 tonnes of gold from the IMF and Sri Lanka said it was purchasing gold from the open market. The IMF said in a statement that...
In this article: Mauritius, International Monetary Fund, Europe, Reserve Bank of India, GFMS, and China
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New Kerala | November 06, 2009
Rajiv Gandhi confidant Gopi Arora is dead
...S.K. Bhatnagar. Arora, liked and feared by many, also served as an executive director representing India, Bangladesh, Bhutan and Sri Lanka at the International Monetary Fund (IMF) in Washington from 1990 to 1993. In addition, he was...
In this article: Rajiv Gandhi, International Monetary Fund, Moscow, Central Bureau of Investigation, S.K. Bhatnagar, Ronen Sen, Harvard University, Allahabad University, and Bofors
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boston.com - Latest news | November 04, 2009
Serbia and IMF reach new deal on loan
...the incipient global recovery." The economic downturn has caused Serbia, Ukraine, Nigeria, Pakistan, Sri Lanka, Mexico, Iceland, Belarus and two EU nations -- Hungary and Latvia -- to seek IMF help. © Copyright 2009 Associated Press. All...
In this article: International Monetary Fund, Serbia, Belgrade, All rights reserved, Revenue, Recession, Inflation, EU, and Radovan Jelasic
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The Australian | November 13, 2009
Gold rises as greenback pales
...of farmers. Gold has also been jump-started by central bank activity, including India's purchase of 200 metric tons from International Monetary Fund gold earmarked for sale while Sri Lanka has also been buying the metal. Silver futures...
In this article: Silver, New York Mercantile Exchange, Platinum, Palladium, US, Asean, and Nakheel
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Independent.ie | 6 days ago
Gold advances to record as investors seek dollar alternative
...will be debased. The Reserve Bank of India bought 200 metric tons of gold from the International Monetary Fund (IMF) last month, and Sri Lanka's central bank said this month the country will continue buying the metal. "Investors of all...
In this article: London, Recession, International Monetary Fund, Platinum, Palladium, Bloomberg Television, Silver, Reserve Bank of India, Fortis Bank, and New York Mercantile Exchange
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Sydney Morning Herald - Business | November 11, 2009
Currency speculation drives gold to fresh record
...last month bought 200 metric tons of gold from the International Monetary Fund for $US6.7 billion. Sri Lanka also said it has been buying gold. That prompted analysts at Bank of America Merrill Lynch, Societe Generale SA and Barclays Capital...
In this article: Recession, Inflation, Federal Reserve, New York, US, Bloomberg Television, World War II, and Silver
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Indiana Times - The Economic Times | November 06, 2009
Gold price tops $1,100 for first time
...of gold in an off-market purchase." The high chances of Asian central bank gold purchases were reinforced by Sri Lanka, which said on Thursday it had been buying gold for the last five or six months. Linked in with this is the dollar,...
In this article: International Monetary Fund, India, US, Platinum, Palladium, Silver, Reserve Bank of India, and Linked in
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washingtonpost.com | 6 days ago
BlackRock says c.banks to be net buyers of gold
The Reserve Bank of India last month bought 200 metric tons of gold from the International Monetary Fund, and Sri Lanka's central bank governor told Reuters this month his bank had been buying gold for the past five or six months. But...
In this article: International Monetary Fund, China, Inflation, Reserve Bank of India, and U.S. Federal Reserve
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Description from Wikipedia:
Sri Lanka (from the Sanskrit “Venerable Island”), officially the Democratic Socialist Republic of Sri Lanka (pronounced: /ˌʃriːˈlɑːŋkə/, Sinhalese: ශ්රී ලංකාව, இலங்கை; known as Ceylon (IPA: /sɪˈlɒn|/) before 1972 and as Taprobane (IPA: /təˈprɒbəniː|/) in ancient times), is an island country in South Asia, located about 31 km off the southern coast of India. It is home to around twenty million people.
Because of its location in the path of major sea routes, Sri Lanka is a strategic naval link between West Asia and South East Asia, and has been a center of Buddhist religion and culture from ancient times. Today, the country is a multi-religious and multi-ethnic nation: more than a quarter of the population follows faiths other than Buddhism, notably Hinduism, Christianity and Islam. The Sinhalese community forms the majority of the population; Tamils, who are concentrated in the north and east of the island, form the largest ethnic minority. Other communities include Moors, Burghers, Kaffirs and the Malays.
Famous for the production and export of tea, coffee, coconuts and rubber, Sri Lanka boasts a progressive and modern industrial economy and the highest per capita income in South Asia. The natural beauty of Sri Lanka's tropical forests, beaches and landscape, as well as its rich cultural heritage, make it a world famous tourist destination.
- Name:
- Sri Lanka
- Capital:
- Sri Jayawardenapura-Kotte
- Language:
- Sinhala, Tamil
- English
- Largest City:
- Colombo
- Government type:
- Democratic Socialist Republic
- Founding Date:
- May 22, 1972
- Formations:
- Independence from the United Kingdom
- Area:
- 65,610
- GDP (per capita PPP):
- $92.018 billion
- GDP (nominal):
- $39.604 billion
- GDP (nominal per capita):
- $1,972
- Time Zone:
- Sri Lanka Standard Time Zone
- Currency:
- Sri Lankan rupee
- Demonym:
- Sri Lankan
- Drives On:
- left
- Currency (code):
- LKR
- Country Calling Code:
- 94
- ccTLD:
- .lk
- Anthem:
- Music , Singing
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