comparemela.com

Latest Breaking News On - கொழும்பு போர்த் நகரம் - Page 13 : comparemela.com

Sri Lanka rupee quoted at 225/226 50 to US dollar in kerb market amid money printing

Thursday July 1, 2021 10:02 am BOOM: Sri Lanka’ central bank has printed so much money that the outstanding credit extended has exceeded the reserve money stock. Thursday July 1, 2021 10:02 am ECONOMYNEXT – Sri Lanka’s rupee is being quoted in the kerb market at 225.00/226.50 to the US dollar as unusual demand for currency notes emerged over the past two weeks amid forex trading curbs in the formal market, participants said as money printing continued. Generally known as the ‘nana’ rate, which is offered by money changers in Colombo for Middle East returnees and others rose dramatically over the past month after a Covid-19 control was lifted and foreign exchange rationing began for imports.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.