Sri Lanka should implement monatary tightening or it will be End of Robin Hood Budget
Sri Lanka should remove electronic printed money off Circulation (Monatary Tightening) if it wants to ease preasure on Sri Lankan rupee falling and making poor people more poorer. It is the opposite of monatary easing ( money printing). This will remove fall of Sri Lankan Rupee. If Sri lanakn Rupee falls further then it would be the end to Robin Hood Budget. Because cost of Living would Rise back again to back where we started.
Central Bank should start by removing old 1000 Rs notes and 2000 Rs notes. Then it should remove some of electronic printed money off circulation. This will strengthen Sri lankan Rupee.
Sri Lanka should start prepairing for a trading economy like Dubai and Singapore. Sri Lanka should become free port.Remove all Duty and remove vat for products exported or taken abroad. Sri Lanka should become bulk goods break down country.
If one looks at electronics or electricals or computers the retail price is two to three times Dubai and Singapore. This has to come down. Companies are keeping high margin for sale in this country. Bulk break down is big business in Dubai,Singapore and Hong Kong. If bulk goods break down comes into this country then manufacturing will follow behind it .
Sri Lanka should remove electronic printed money off Circulation (Monatary Tightening) if it wants to ease preasure on Sri Lankan rupee falling and making poor people more poorer. It is the opposite of monatary easing ( money printing). This will remove fall of Sri Lankan Rupee. If Sri lanakn Rupee falls further then it would be the end to Robin Hood Budget. Because cost of Living would Rise back again to back where we started.
Central Bank should start by removing old 1000 Rs notes and 2000 Rs notes. Then it should remove some of electronic printed money off circulation. This will strengthen Sri lankan Rupee.
Sri Lanka should start prepairing for a trading economy like Dubai and Singapore. Sri Lanka should become free port.Remove all Duty and remove vat for products exported or taken abroad. Sri Lanka should become bulk goods break down country.
If one looks at electronics or electricals or computers the retail price is two to three times Dubai and Singapore. This has to come down. Companies are keeping high margin for sale in this country. Bulk break down is big business in Dubai,Singapore and Hong Kong. If bulk goods break down comes into this country then manufacturing will follow behind it .
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