Forex Crisis, Plea For Calmness In National Interest, And Need For Getting IMF-Driven Bailout
Plea for calmness in national interest
In the wake of Sri Lanka’s foreign exchange crisis graduating from ‘acute’ to ‘severely acute’, the Central Bank Governor Deshamanya Professor W.D. Lakshman has appealed for calmness which everyone should do in his view in national interest.
Reiterating the Government’s commitment to meet all foreign exchange liabilities on time, he has blamed the speculators, political elements, and the media for the current mishap: “We have also observed that some segments of the Sri Lankan community motivated by political reasons have continued to fuel adverse speculation about the future path of the exchange rate and the ability of the Government to service its obligations. Such self-serving speculations are unwarranted and are harmful to the general public as well as to the business community themselves.