ටොන්ගා පන්ගා

[Honey Bunch]

ee kale api swasilantheta hina una

 

[usa kolla]

Bo

 

[R O B U S T A]

1 russian ruble= 2.54 lkr
1 swedish krona= 22 lkr

me post eka hadapu eka kiyana widihata russia, sweden, japan inneth afrian countries waatath pahalin
fb eke gon post hoya hoya share karana gon wassek

 

[stasia]

oya post eka hadapu pora meka dakala nathiwa athi.
japan 1Yen = 1.81lkr

මේ තියෙන්නෙ අපි පඩේකට ගණන් ගන්නැති අප්‍රිකන් රටවල්

 

[Honey Bunch]

ටොන්ගා

 

[shenat]

oya post eka hadapu pora meka dakala nathiwa athi.
japan 1Yen = 1.81lkr

Dan awurudu 10 kata 12 kata witara kalin 1 yen = 0.90lkr wage tibune.

Eka dan degunayak Wela. USD ekath ehemai.

 

[sugathalwis]

Most of the Other small countries currencies are pegged to hard currencies, such as USD. So the value is obviously high compared to unpegged currency.

Therefore, having a higher value in the currency doesn't mean that country is having a good economy..

Notwithstanding that, Sri Lanka's economy is in a sad state now...

 

[dilshan87]

Oka hadapu eka Currency Rate ekei Purchasing Power Parity ekei wenasa danne nathi ekek.

 

[shenat]

Most of the Other small countries currencies are pegged to hard currencies, such as USD. So the value is obviously high compared to unpegged currency.

Therefore, having a higher value in the currency doesn't mean that country is having a good economy..

Notwithstanding that, Sri Lanka's economy is in a sad state now...

What's the importance of pegging?

 

[sugathalwis]

What's the importance of pegging?

Currency peg is done for those currencies which are not sustainable on their own.. Good example is Maldives.. Even though Maldives have their own currency, which is Maldivan Ruifiyaa, most of the time transactions are carried out in USD, mainly due to the country's heavy reliance on tourism. Therefore, it doesn't make sense them to keep their local currency floated.

Most of the countries on that list are predominantly depend on oil or by product of oil, which makes their functional currency as USD.

Other side of the story is Indonesia where 1 Indonesian Rupiah is LKR 0.013. But are we saying we are in a better economic position than Indonesia? I guess no....