Black Market USD rate 300!

cuteoz

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  • Jan 29, 2009
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    Dan $ ekata 300k denawalu black market eken, ethakota minissu thama undiyal karai ne, meken therumak nehe, minissunta denatamath jeewath wenne harima amaruwen, oya rate eka wedi unoth minissunta kelawilama yay, denatamath minissu polim wala idela marenawa, lamainta kanna bonna denna piti, beheth nethi wei.
     
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    gaya_94

    Active member
  • Apr 27, 2009
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    black market is obvious as banks are not providing USD even for a foreign tour. The maximum limit provided at the Katunayaka Airport is 100 USD with a very high commission. So even the people who goes away from SL for tour, Work Meetings, business have to fulfill there demand though black-market dealers. USD coming to black market is also reduced after floating teh rupee as teh rate is going up day by day. So the people are keeping the dollar without trading.
     

    reddit

    Well-known member
  • Aug 18, 2016
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    Chilaw
    Dan $ ekata 300k denawalu black market eken, ethakota minissu thama undiyal karai ne, meken therumak nehe, minissunta denatamath jeewath wenne harima amaruwen, oya rate eka wedi unoth minissunta kelawilama yay, denatamath minissu polim wala idela marenawa, lamainta kanna bonna denna piti, beheth nethi wei.
    pissuda bn, "Notes" walata 305 tath dunna dan 1 weeks walata kalin. dannam eeta wedi athi.
     

    Thilina123

    Well-known member
  • Feb 6, 2007
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    උන්ඩියල් නොකරපු උන්ටත් උන්ඩියල් පුරුදු කලා , දැන් ඉතින් sorry තමයි
     
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    cuteoz

    Well-known member
  • Jan 29, 2009
    8,996
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    black market is obvious as banks are not providing USD even for a foreign tour. The maximum limit provided at the Katunayaka Airport is 100 USD with a very high commission. So even the people who goes away from SL for tour, Work Meetings, business have to fulfill there demand though black-market dealers. USD coming to black market is also reduced after floating teh rupee as teh rate is going up day by day. So the people are keeping the dollar without trading.
    We understand that, but if the blackmarket/undial way of sending money etc, people won't use official channels like banks to get funds instead they will still go for undial, if there is a smaller range in exchange, few rupees, then people would use official banking channels, this will make huge problems, as now it would continue to drop, and won't stay stabilized.
     

    gaya_94

    Active member
  • Apr 27, 2009
    613
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    Sri Lanka
    We understand that, but if the blackmarket/undial way of sending money etc, people won't use official channels like banks to get funds instead they will still go for undial, if there is a smaller range in exchange, few rupees, then people would use official banking channels, this will make huge problems, as now it would continue to drop, and won't stay stabilized.
    soo true the black market was there previously but the rate was the same or -+ 1 rupee. the people did not wanted to buy or sell through unofficial as there might be many scams as froud notes etc. but the issue now is as the banks do not have USD to issue people, they go to black market and as they need the have good inflow they provides higher rates. I heard from one of my friend working on supply chain dept of one of the leading milk powder importer said they purchased USD from black market at rate of 290 when it was 260 to pay for their imports. That's the situation in country bro. The only way to stop this isto anyhow pump some USD to banks.
     

    cuteoz

    Well-known member
  • Jan 29, 2009
    8,996
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    soo true the black market was there previously but the rate was the same or -+ 1 rupee. the people did not wanted to buy or sell through unofficial as there might be many scams as froud notes etc. but the issue now is as the banks do not have USD to issue people, they go to black market and as they need the have good inflow they provides higher rates. I heard from one of my friend working on supply chain dept of one of the leading milk powder importer said they purchased USD from black market at rate of 290 when it was 260 to pay for their imports. That's the situation in country bro. The only way to stop this isto anyhow pump some USD to banks.
    yes, pump massive USD deficits to banks and official channels, and then undial/black market would drop to almost bank levels, what's really sad is that even importers are resorting to black market, because most people bring money through unofficial channels, the only way to stop this, and the central bank and cabraal isn't really doing anything, lost all confidence in him, where he stated the Rupee was overvalued, and then stated 230 being the ideal exchange rate, and stating IMF help was not needed! what bullocks!
     

    ride_out

    Well-known member
  • Aug 18, 2015
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    උන්ඩියල් නොකරපු උන්ටත් උන්ඩියල් පුරුදු කලා , දැන් ඉතින් sorry තමයි
    ekanan attha. undiyal kiyanne mokadda kiyalawath danan hitiye nathi unwa undiyal walata purudu kara
     

    sk_ralahami

    Well-known member
  • Mar 28, 2018
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    colombo
    ekanan attha. undiyal kiyanne mokadda kiyalawath danan hitiye nathi unwa undiyal walata purudu kara
    ado ow mamath mehe inna set ekakatama purudu kala. aniwa un tiken witaraka $ laksha ganak ena eka nawatuna giya auruddata witarak. hama masema salli yawan eunnne

    mama tawa promote karanawa kabbata rewenna :ROFLMAO:
     

    ride_out

    Well-known member
  • Aug 18, 2015
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    ado ow mamath mehe inna set ekakatama purudu kala. aniwa un tiken witaraka $ laksha ganak ena eka nawatuna giya auruddata witarak. hama masema salli yawan eunnne

    mama tawa promote karanawa kabbata rewenna :ROFLMAO:
    kabbata rewenne na ban. ahinsaka manussainta witharai oken para wadinne