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Message: <blockquote data-quote="Ayeshlive" data-source="post: 17773794" data-attributes="member: 363439">There are many reasons, but most of your points are valid and hits our economy hard. Having a too small value compared to US $ is not too bad either, in its own way. Look at South Korea and Japan. Their economy is strong yet their currency units are 100th of a US $, if not a 1000th. But a country should have a strong economy plan to deal with foreign currency. That means we should bring a shitload of US$ to the country too. If it wasn't for the mid-east workers, we would have ended up in the same situation as Zimbabwe. The politicians tried to isolate Sri Lanka, which can only make the situation worse. I don't think payment processors (visa/master/Amex) can affect the country economy anymore. Not accepting Visa/Master, etc means foreign money stays that way, and the LKR stays in the country. That would work better if LKR is more dominant than the rest. But in reality, we need to bring more money to the country that we need to prevent them flowing out. The worst mistake we are doing is not opening the economy to foreigners. Not to sell the lands for dead cheap in their standards, but make the government's view a peaceful and positive one. Look at our politicians trying to get commissions from them and signing for plans that brings no financial value back to the country. There are several layers of indirect taxes here machan. If the government went more towards liberalism while maintaining democracy, that would be the ideal plan for us. <a href="http://www.sabhlokcity.com/2014/07/singapore-model-authoritarian-economic-liberalism-an-alternative-to-classical-liberalism/" target="_blank">http://www.sabhlokcity.com/2014/07/singapore-model-authoritarian-economic-liberalism-an-alternative-to-classical-liberalism/</a></blockquote>

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