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Message: <blockquote data-quote="cpasl123" data-source="post: 29540926" data-attributes="member: 144386">This is not the reason for LKR appreciation. CBSL and GOV are trying to battle inflation arising from VAT increase, Their argument is from 330 to 310 appreciation will negate the impact of VAT.  and for the importers not to increase the local market prices. This is silly and not sustainable.  LKR appreciation is because of no significant import demand. The significant drop in disposable income resulted this and will continue to worsen.</blockquote>

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