Depreciation of Rupee is not govt’s weakness – Kabir Hashim

Depreciation of Rupee is not govt’s weakness – Kabir Hashim

August 21, 2018   05:01 pm

The depreciation of the Rupee against the US dollar is not caused due to a weakness of the government, says the Minister of Highways and Road Development Kabir Hashim.

This occurs due to the impact of international monetary policies and it is not a situation that is unique to Sri Lanka, he added.

Minister Kabir Hashim stated this in response to the recent statement made by MP Bandula Gunawardana that the value of the rupee against the US dollar would hit 200 by this December.

 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

LIVE🔴Ada Derana Lunch Time News Bulletin 12.00 pm

LIVE🔴Ada Derana Lunch Time News Bulletin 12.00 pm

President stresses effective use of Rs. 1,400 bln capital allocation in 2025 budget (English)

President says US tariff cut achieved through talks, further reductions sought (English)

Engine fuel supply was cut just before Air India jet crash, preliminary report says (English)

Colombo HC sentences three persons to 20 years RI over Rs. 3.9 bln VAT fraud (English)

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm

🔴LIVE | Ada Derana Midday Prime News Bulletin - 2025.07.12

President announces plans to recruit 30,000 public servants after five-year gap (English)