J Azoor Tuesday, 19 March 2024 02:48 PM

Wait till we start repaying all our debts. This will go on till the election day. Post election comes reality.

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Paramount to Cut Down Government Spending Tuesday, 19 March 2024 02:53 PM

Once the loans and outstanding debts start to be paid, rupee will free fall again. Government expenditure on defence, official salaries etc is greater than income received from export and taxes. Therefore paramount to cut down on expenses such as official perks, defence officers perks etc and be prudent as the common men has been accustomed too lately.

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Bahathiya Tuesday, 19 March 2024 02:57 PM

Lets buy dollar by September, by November we can become millionaires

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Alan Tuesday, 19 March 2024 03:15 PM

I think Ranil has done well, jvp type can go on strikes and talk, when it comes to work , no brains. Print more money?

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Charlie Tuesday, 19 March 2024 03:23 PM

Its important that our current president and gov of CBSL at least portrays a cautious note about the situation of our economy. Very specially the fact that we have to spend more dollars than what we earn once we start paying back the loans. Giving a picture of recovery is once again misleading the citizens.

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Gamini Tuesday, 19 March 2024 04:08 PM

After elections increase taxes to repay debts

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Onluo Tuesday, 19 March 2024 04:10 PM

Sri Lanka is already one of the more expensive SE Asia countries for tourists. The stronger the rupee the less incentive for tourism which is bad for Sri Lanka. The weaker the rupee is bad for the common people of Sri Lanka as they cannot afford the basics.

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Soyso Tuesday, 19 March 2024 04:14 PM

This is the godaya magic used for masses !!! USD 35 odd billion loan still not even started to settle. Government Income is currently through poor migrant workers remittances, high taxes and all possible squeeze to public. The CB is imagining their magic wand is doing the trick. Keep fooling most are ignorant and will not be bothered either.

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Sokrates Tuesday, 19 March 2024 04:22 PM

Ranil should finally stop ordering the central bank to manipulate foreign exchange rates downwards in order to keep the people calm. This also keeps the inflation rate artificially low. However, this is absolutely counterproductive for the country's economy. This measure defrauds those who bring foreign exchange into the country, such as exporters, migrant workers and tourists, who receive far less than the true value for their foreign exchange. This is a different kind of looting as Ranil use it to win votes for his election. A free floating rupee is the fairest solution and the best for the economy.

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Lankan Lover Tuesday, 19 March 2024 04:23 PM

Oh Yeah, Artificial fluctuation :D

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Dharma Tuesday, 19 March 2024 06:10 PM

This is purely an economic subject. Demand and supply determine the price. Tourism and foreign remittance increased the foreign reserves while the restructuring mechanism with donors gave time to postpone the dollar loan repayment with interest. That is the reason for temporary appreciation of SLRS. Don't be jealous.

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Anil Tuesday, 19 March 2024 06:31 PM

Is it correct to say Rupee drops against USD. In fact it increased.

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dollar exchange rate cannot feed a family Tuesday, 19 March 2024 08:29 PM

Tell us better when the prices drop??!

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Chess Tuesday, 19 March 2024 10:56 PM

Building reserves through more borrowings from IMF ADB WB like under yahapalana regime. ISB holders are watching the game carefully to make their next move

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Pusa Wednesday, 20 March 2024 01:19 AM

This evening I got Rs 330 per U$D at Slave Island. You deserve to be screwed for using office channels! Long live Undial !!

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last chance Wednesday, 20 March 2024 05:16 AM

If Ranil thinks that he can hoodwink masses by these gimmicks he is living in a fools paradise.

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Jacki Gamage Wednesday, 20 March 2024 07:13 AM

Please anyone tell me how SL rupee gained its value, Sri Lanka’s imports supersedes the exports , how can that be possible for rupee to gain in value. This is all currency manipulation to show its people that Sri Lanka is doing well. Because the elections is in horizon, and this is a political gimmick. Don’t get caught to Ranil Rajapaksas gimmicks.

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Jacki Gamage Wednesday, 20 March 2024 07:13 AM

Please anyone tell me how SL rupee gained its value, Sri Lanka’s imports supersedes the exports , how can that be possible for rupee to gain in value. This is all currency manipulation to show its people that Sri Lanka is doing well. Because the elections is in horizon, and this is a political gimmick. Don’t get caught to Ranil Rajapaksas gimmicks.

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Citizen Wednesday, 20 March 2024 08:21 AM

Yet the prices of imported items are sky high. This is a strange country where rulers are ignorant and the public has way too high tolerance to living conditions.

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Pytagoras Wednesday, 20 March 2024 10:33 AM

The SL Rupee is not tradable anywhere on this planet, you can only buy it in Sri Lanka. Therefore, there can not be any fluctuations in the rate, it is only a setup of the central Bank. No market, no price. CEB just fixes a price, that's it. According to the debt of this country and the economic possibility, and not paying back the loans, the Rupee should be arround 1000 against the USD.

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Shera Wednesday, 20 March 2024 01:49 PM

Strange phenomenon. What has caused the LKR to become stronger? No one trades in LKR anymore. Even in Sri Lanka US dollars, pounds or Indian rupees are preferred and requested. Government transactions like dual citizenship fees are priced in dollars! LKR has lost it's integrity.

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