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ElaKiri Talk!
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<blockquote data-quote="johnferna678" data-source="post: 28709376" data-attributes="member: 561849"><p>lol you need to learn basics first. if the dollar rate comes down to 280-300 that means dollar liquidity in the forex market is going up. which means we are getting more dollar income. that's how market works. it's all comes down to supply and demand. right now we don't have enough supply that's why dollar rate is up and that's why imports are restricted and thats why every thing is expensive (we are heavily dependent on imports) But note this important fact "This must happen without government interference" if government try to forcefully control this it's going to be another disaster. kabral mf did exactly that in last year.</p><hr /><p></p><p>sri lanka is a country heavily dependent on imports depreciation of rs is highly effected to everyone in the country if you go to market and buy 1 killo of samba rice you are paying extra rs to fill the gap that cause because of rs depreciation. this is how it works, even though rice is harvested in sri lanka all the fertilizer and other agricultural products are imported from other countries and further more our county is directly importing rice from india and Pakistan so all of this is connected to value of rupee. if the rupee is more appropriated import costs will go down in rupees which will eventually cause prices to go down.</p><p>------ <span style="font-size: 10px">Post added on [DATETIME="UT"]1679410510[/DATETIME]</span></p></blockquote><p></p>
[QUOTE="johnferna678, post: 28709376, member: 561849"] lol you need to learn basics first. if the dollar rate comes down to 280-300 that means dollar liquidity in the forex market is going up. which means we are getting more dollar income. that's how market works. it's all comes down to supply and demand. right now we don't have enough supply that's why dollar rate is up and that's why imports are restricted and thats why every thing is expensive (we are heavily dependent on imports) But note this important fact "This must happen without government interference" if government try to forcefully control this it's going to be another disaster. kabral mf did exactly that in last year. [HR][/HR] sri lanka is a country heavily dependent on imports depreciation of rs is highly effected to everyone in the country if you go to market and buy 1 killo of samba rice you are paying extra rs to fill the gap that cause because of rs depreciation. this is how it works, even though rice is harvested in sri lanka all the fertilizer and other agricultural products are imported from other countries and further more our county is directly importing rice from india and Pakistan so all of this is connected to value of rupee. if the rupee is more appropriated import costs will go down in rupees which will eventually cause prices to go down. ------ [SIZE=2]Post added on [DATETIME="UT"]1679410510[/DATETIME][/SIZE] [/QUOTE]
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