Sri Lankan rupee has become one of fastest growing currencies in the world: Siyambalapitiya

Dr. Ranjith Siyambalapitiya

The Sri Lankan rupee has now become one of the fastest-growing currencies in the world, Finance State Minister Ranjith Siyambalapitiya said.

In a statement released by the Government Information Department, the minister pointed out that only in the first four months of this year the rupee has achieved remarkable growth in comparison with all the other currencies in the world. 

“In the first four months, the rupee has gained 9.1 percent against the US dollar and has gained 12.7 percent against the euro,” he said. 

Dr. Siyambalapitiya noted that the rupee has gained 10.8 percent against the Sterling pound and 11.4 percent against the Chinese yuan. 

He further mentioned that the rupee has grown by 21 percent compared to the Japanese yen and by 9.5 percent compared to the Indian rupee and has grown by 14.2 percent compared to the Australian dollar.