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

Ada Derana Lunch Time News Bulletin 12.00 pm

Ada Derana Lunch Time News Bulletin 12.00 pm

🔴LIVE | Ada Derana Prime Time News Bulletin

Ada Derana Lunch Time News Bulletin 12.00 pm

Memorial services to be held across Sri Lanka tomorrow to remember 2019 Easter Sunday attack victims (English)

President appoints new Energy Minister; Cabinet responsible for substandard coal imports –Opposition (English)

Ada Derana Lunch Time News Bulletin 12.00 pm

No corruption during coal procurement: Dy Minister | Opposition says govt. safeguarding wrongdoers (English)

Additional buses and trains deployed to facilitate those returning to Colombo after New Year holiday (English)