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- Thread starter BINGU_PUTHA
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තැන්පත් නෑ
At the moment our remittances are below USD 500 million per month. It was more than 800 million USD four years ago.(CB report)
So assuming that imports have increased in last four years and also prices increased globally due to war, etc import of vehicles will be a main drain on our remittances and if reserves are constant it is inevitable that there will be more demand for foreign exchange . So the rate of USD can increase.
I do not think that this can be controlled by interest rate alone as stated by Researcher of NGO though in Macro Econ Theory may say so.
So assuming that imports have increased in last four years and also prices increased globally due to war, etc import of vehicles will be a main drain on our remittances and if reserves are constant it is inevitable that there will be more demand for foreign exchange . So the rate of USD can increase.
I do not think that this can be controlled by interest rate alone as stated by Researcher of NGO though in Macro Econ Theory may say so.
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