Home / / Correction of the external value of the rupee: Much more to be done to sustain its new value

Correction of the external value of the rupee: Much more to be done to sustain its new value


Comments / 1282 Views / Monday, 26 March 2012 00:00


The official view: The problem is over now

Treasury Secretary Dr. P.B. Jayasundera is reported to have said at a media briefing last Thursday that Sri Lanka had had an external shock ballooning its trade deficit to nearly $ 10 billion in 2011, the resultant market imbalance has now been cleared at the new exchange ...


Share This Article


COMMENTS

Today's Columnists

Flagging belief in freedom’s bells

8 February 2016

Much ado about nothing? The singing of the national anthem in Tamil on 4 February has generated controversy, constitutional invocations, and no small measure of churlishness, in some quarters of ‘civil’ society. After 68 years of freed...


Central Bank’s clarification on EPF has unwittingly refuted Prime Minister and Minister of Finance?

8 February 2016

   Selective response by EPF to concerns raised The Central Bank has issued a clarification, carried by Daily FT in its print edition of 1 February 2016, on the Monetary Board’s alleged failure to publish the annual ...


Excess transhipment port capacity and ghost ports

8 February 2016

Excess transhipment port capacity and ghost ports Excess port capacity, over and above national demand requirements, is created for three reasons. First is the economy of scale, as well as the infamous economic law of Jean-Baptiste Say according...


Divorce to Davos!

6 February 2016

Just over a year ago Sri Lanka had all but divorced herself from the rest of the world. She had tightened a seat belt and was on the fast lane cruising at 100 mph down ‘Harare Street’ – final destination – ‘Mugabeland...


Columnists More