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Message: <blockquote data-quote="ibnanv" data-source="post: 22030392" data-attributes="member: 218596">Sri Lankan Central bank is purposly undermining Sri Lankan RupeeEvery sunday rupee goes back to  the original price. Central bank if it wants to buy dollars to put in reserves it should try to computerize its purchases according to excess dollar coming from abroad from foreign worker remitance times.This would ease the preasure on Sri Lankan ruppes. They should also move to slow down import of Vehicals into this  country if it wants to create a stable economy. Ask them to show dollars instead of rupees to import vehicles. This would make it harder to import.Stop duty free permits for at least 2 years. Sri Lanka should have a strong rupee if it wants to develop.To import raw meterial for builidings , it also has a oil ,gas ,coal import bill which gives a swipe at FOREX. Weak rupee will undermine poor and middle class people hard.It will affect the country as a whole. Look at Singapore,Hong Kong, South Korea,Dubai,etc. They never undermined their currency and dignity against US dollar for Develpment.</blockquote>

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