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Sri Lanka CPC racks up Rs250bn plus loss in three weeks as rupee falls

Sri Lanka s state-run Ceylon Petroleum Corporation which has been forced to borrow dollars by authorities whenever money is printed to create forex shortages has lost at least 250 billion rupees over three weeks as the rupee fell, based on available data.

Sri Lanka s CPC in Rs250bn plus loss as rupee falls

Sri Lanka s state-run Ceylon Petroleum Corporation which has been forced to borrow dollars by authorities whenever money is printed to create forex shortages has lost at least 250 billion rupees over three weeks as the rupee fell, based on available data.

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