header logo
Latest
Depreciation of Rupee is not govt’s weakness – Kabir Hashim
Aug 21, 201805:01 PM
Depreciation of Rupee is not govt’s weakness – Kabir Hashim

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.

 

 

 

 

 

 

MostRead
Mobitel 5g
VideoStories
Sri Lanka likely to face drought in July-August as El Nino threat grows - Met Dept.

Sri Lanka likely to face drought in July-August as El Nino threat grows - Met Dept.

Funds collected under ‘Rebuilding Sri Lanka’ initiative remain unused in Treasury DST account?

Funds collected under ‘Rebuilding Sri Lanka’ initiative remain unused in Treasury DST account?

Fuel import costs hit USD 522 million in May,highest monthly foreign reserve outflow

Fuel import costs hit USD 522 million in May,highest monthly foreign reserve outflow

Cabinet approves allocation of over Rs. 500 million  for key development projects in 23 cities

Cabinet approves allocation of over Rs. 500 million for key development projects in 23 cities

“Govt. will fulfill public aspirations”  Past welfare programs fostered political dependency: PM

“Govt. will fulfill public aspirations” Past welfare programs fostered political dependency: PM

"CPC incurring massive losses on fuel sales" Cabinet Spokesman says fuel price revisions inevitable

"CPC incurring massive losses on fuel sales" Cabinet Spokesman says fuel price revisions inevitable

“Preserving the Himalayas, a global responsibility”  Nepal Embassy celebrates Int'l Sagarmatha Day

“Preserving the Himalayas, a global responsibility” Nepal Embassy celebrates Int'l Sagarmatha Day

“Sri Lanka is facing a massive economic crisis” Sajith urges govt. to act decisively (English)

“Sri Lanka is facing a massive economic crisis” Sajith urges govt. to act decisively (English)

"Fuel price hike relatively minor" Consumption must be reduced to prevent further hikes – Minister

"Fuel price hike relatively minor" Consumption must be reduced to prevent further hikes – Minister

Colombo streets illuminated with lanterns and pandols  as Sri Lankans celebrated Vesak festival

Colombo streets illuminated with lanterns and pandols as Sri Lankans celebrated Vesak festival

Derana’s 24-hour ‘Vesak Dansala’ concludes successfully; 40,000 devotees participate in the event

Derana’s 24-hour ‘Vesak Dansala’ concludes successfully; 40,000 devotees participate in the event

“SL must be prepared to implement reforms”; GSP+ facility key for exporters to access EU market

“SL must be prepared to implement reforms”; GSP+ facility key for exporters to access EU market

Fuel prices increased again; Bus operators demand 5% fare hike, Tuk fare also likely to go up

Fuel prices increased again; Bus operators demand 5% fare hike, Tuk fare also likely to go up

Massive turnout as Derana’s 24-hour Vesak Dansala kicks off at Independence Square in Colombo

Massive turnout as Derana’s 24-hour Vesak Dansala kicks off at Independence Square in Colombo

Sri Lankans commemorate Vesak Poya; devotees invoke blessings island-wide

Sri Lankans commemorate Vesak Poya; devotees invoke blessings island-wide

Lassana Flora