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Sri Lankan rupee value slashed by 15 per cent, posted its biggest single-day decline in more than 40 years

Depreciation to encourage remittances, a major source of the country's forex: analysts

Sri lankaSri lankanShutterstock janusz pienkowskiUmesh moramudaliDullas allahaperumaUdeeshan jonasThilina panduwawalaInternational monetary fundHead of economic research at frontierUniversity of colomboCentral bankCentral bank governor ajith nivard cabraalImage creditSouth asianMedia minister dullas allahaperumaEconomic research

Sri Lankan rupee value slashed by 15 per cent to encourage remittances

Depreciation to encourage remittances, a major source of the country's forex: analysts

Sri lankaSri lankanShutterstock janusz pienkowskiUmesh moramudaliDullas allahaperumaThilina panduwawalaInternational monetary fundHead of economic research at frontierUniversity of colomboCentral bankImage creditSouth asianMedia minister dullas allahaperumaEconomic researchFrontier researchMacro outlook

Sri Lanka devalues rupee, seen as step towards getting IMF help

Sri Lanka’s central bank (CB) has devalued the rupee by up to 15 per cent, taking one of several steps analysts said are needed to obtain a International Monetary Fund loan programme that would boost currency reserves and help negotiate debt

United kingdomSri lankaUmesh moramudaliDullas allahaperumaIndika prasanna kumaraYohan lawrenceThilina panduwawalaChula dharmadasaApparel associations forumInternational monetary fundHead of economic research at frontierUniversity of colomboCentral bankMedia minister dullas allahaperumaEconomic researchFrontier research

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