Sri Lanka forex reserves tumble US$880mn in November

[monson]

ECONOMYNEXT - Sri Lanka's forex reserves dropped by 884.9 million US dollars in November 2018, to 7,018.38 million dollars amid a statutory reserve cut and more liquidity injections, official data show.

In November the central bank cut the statutory reserve ratio and injected what an official said was an estimated 90 billion rupees of cash at zero interest rate in to the banking system to permanently sterilize liquidity shortages generated by earlier interventions.

More:
https://economynext.com/Sri_Lanka_forex_reserves_tumble_US$880mn_in_November-3-12854-1.html

 

[hancok]

1/8 kata kelalane pakku

 

[Dharatha]

1/8 kata kelalane pakku

USD 178 thiya ganna mun kelala rampeta pori halenna

 

[monson]

1/8 kata kelalane pakku

Ow ne.

 

[ibnanv]

That is stupid policy of central bank to defend the Rupee when people are fleeing the market. Central bank should have defended once Foreigners have taken money out of the market.Central bank has printed massive amounts of money in April. After Mahindha formed the government they printed some more because they do not have the money to pay for expenses without parliament approval.


With Government shutdown they are going to closing of schools and hospitals,etc. Those idiot estate workers striking do not know how worst the problems for the country are going to get.

 

[topkollek]

අපිට ඔය forex reserve තිබ්බත් එකයි නැතත් එකයි

 

[k.k.mohmad]

Yes.Because of Central Bank robbery

 

[Robinhood wage ekek]

therenne na kadda apita

 

[Ship Captain]

Awulak nehe . Meda para mama ship ekata giyama reserves hari yanawa