Dollar eka...

soopy452000

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  • Aug 21, 2006
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    There's a lot of controversy about the dollar rising up , and many people being happy about it and many not so very much , let us analyse this action economic wise , the main reason why the dollar is ever increasing is because the foreign reserve in Sri Lanka is depreciating very quickly the last time I found out was that we had enough dollars in the treasury for imports for less than 6 months , so the governments needs to bring in Dollars , increase exports , increase outsourcing services and increase services that offer Dollar payments into the country , but the downward effect of this action is people coming to Sri Lankan , would not need to bring in much dollars as the rupee is undergoing depreciation , where goods will also start to rise , but all in all this would be temporary will go for about a month or more , so we'd have to bear till then , now about the people being happy about it or not which is the main most heated topic of today , well as a Nation we should not be pondering the goods of it anyway , as many people are hardworking (apart from the ones in the public sector:P ) and it's not quite fair by them , as 3/4 of the population works in Sri Lanka , 1/3 in Public Sector , 2/3 in the Private and another 1% and the rest working abroad bringing us foreign revenue , while we should appreciate their efforts and hardwork that helps us to bring in foreign revenue , and the people who work tirelessly day and night on google adsense , adbrite or uploading files online , or working for freelancer and Odesk , microworker etc we should appreciate their efforts too as all these add to the total net worth of foreign reserves , but we should mainly be concerned about the people who work tirelessly from 8 - 5 in Sri Lanka , so we shouldn't be happy about this entire thing , but not sad either , we should not be selfish either and ponder the goods about it because a 2 - 3 rupee or may be 5 rupee gain should not make us forget that we are one nation and not selfish ones for a moment.

    I wrote this because I saw some unacceptable replies from some Elakiri Members here , what happened to that unity? :S

    So to coming to an end of this slight gesture of awakening , just want to tell you Economy is not something that is concrete , it will change tomorrow or in another 2 hours , but human relationships we'd want them to last longer , let us not be selfish over small , and temporary gains , as a nation we'd need to think deeper about others and ourselves on how we treat them.

    Cheers!
    Soopy452000
     
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    cresendo

    Well-known member
  • Mar 8, 2007
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    Good post machan..
    What would be the reason for such quick depreciation of our foreign reserves this much.
     

    T.Bag

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    Dec 21, 2011
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    In the captivity of negativity
    **YAWN**

    Since u r bitching abt dis, last dollar bond issue was at a rate of 4-6% which is the highest on the entire planet i guess. it was oversubscribed & govt was talking big abt the increase of reserves & FDI's. The interest burden is on the pulic & it will be collected from the every cent they earn.

    Inflation is 3.8% but commodities get a sudden price hike of 20%! wat a fokin joke! Still they have reasons to justify tings.

    Spot rates will keep increasing, the decrease will be temporary.

    Guess it is true the world will end in 2012!
     

    soopy452000

    Well-known member
  • Aug 21, 2006
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    Good post machan..
    What would be the reason for such quick depreciation of our foreign reserves this much.

    Thanks brother!Yup exactly. :)


    **YAWN**

    Since u r bitching abt dis, last dollar bond issue was at a rate of 4-6% which is the highest on the entire planet i guess. it was oversubscribed & govt was talking big abt the increase of reserves & FDI's. The interest burden is on the pulic & it will be collected from the every cent they earn.

    Inflation is 3.8% but commodities get a sudden price hike of 20%! wat a fokin joke! Still they have reasons to justify tings.

    Spot rates will keep increasing, the decrease will be temporary.

    Guess it is true the world will end in 2012!

    Lol I know , it's quite boring lol. Thanks mate for your comments and lol I wasn't bitching about this much mate atleast not up until I saw some threads on this and some stupid remarks. :P

    Anyhow yup it's quite temporary alright, was just emphasizing on the attitudes of the Lankans and what we could do to survive all this.;)

    And the world's end is quite near my friend , the way the world is corrupted much.