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ElaKiri Talk!
Central Bank is purposely undermining Sri Lankan ruppe!
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<blockquote data-quote="cuteoz" data-source="post: 22033931" data-attributes="member: 167216"><p>from 2010-2014 mid. The rupee was fixed at 114.00 with an hard peg. then the peg was removed in 2014 and then it became a soft peg at 129. less than 2 years later we are at 155.</p><p></p><p>This is ridiculous for the economy to be at stake. the INR/PKR/BDT (bangladesh taka) even Myanmar Kyats have been pretty stable and the devalue of their currency takes a few years, in Sri Lanka it's a different story our currency has been falling since the establishment of the rupee. while considering other major pairs like the GBP/JPY/AUS and even some 3rd world countries like India and Pakistan even through their currency had devalued against the US, it has gained (ex: indian rupee from 66 INR per Dollar to 63 INR.)</p></blockquote><p></p>
[QUOTE="cuteoz, post: 22033931, member: 167216"] from 2010-2014 mid. The rupee was fixed at 114.00 with an hard peg. then the peg was removed in 2014 and then it became a soft peg at 129. less than 2 years later we are at 155. This is ridiculous for the economy to be at stake. the INR/PKR/BDT (bangladesh taka) even Myanmar Kyats have been pretty stable and the devalue of their currency takes a few years, in Sri Lanka it's a different story our currency has been falling since the establishment of the rupee. while considering other major pairs like the GBP/JPY/AUS and even some 3rd world countries like India and Pakistan even through their currency had devalued against the US, it has gained (ex: indian rupee from 66 INR per Dollar to 63 INR.) [/QUOTE]
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