header logo
Asia asset finance
Mogo Academy
Latest
US dollars not available anywhere at Central Bank’s rates - Harsha
Aug 19, 202105:50 PM
US dollars not available anywhere at Central Bank’s rates - Harsha

Parliamentarian Dr. Harsha de Silva says that Sri Lanka is today facing its worst economic crisis since independence and that there are no US dollars available anywhere at the rates specified by the central bank. 

 

He stated that in the unofficial market the US dollar is being sold for around Rs. 235-240 and sometimes for even more, despite the exchange rates of the Central Bank of Sri Lanka stating that the buying price and selling price of the US dollar is Rs. 198 and Rs. 202.89 respectively. 

 

“Dollars are not available at these rates anywhere,” he said, referring to the Central Bank’s exchange rates. 

 

Dr. de Silva added that a Gazette notification has been issued stipulating a price of Rs. 98 per kilogram for rice, however rice cannot be purchased from anywhere at that price. He said the same can be said for the prices of salmon tins and gas cylinders as they cannot be purchased for the prices declared by the government.  

 

The SJB MP stated that unfortunately for the first time the Central bank is saying that a US dollar is Rs. 202, however the general public is unable to buy US dollars at that rate from anywhere. 

 

The former State Minister emphasized that what is happening is that Sri Lanka is today facing its worst economic crisis since independence and that the biggest challenge in the short term is the fact that within the next couple of months the country has to payback massive loans obtained is US dollars. 

 

 

 

 

MostRead
Mobitel 5g
VideoStories
Over 39,000 dengue cases reported islandwide; health officials warn of hospital capacity pressure

Over 39,000 dengue cases reported islandwide; health officials warn of hospital capacity pressure

Court declines request for daily access to detained ex-SIS Director Suresh Sallay

Court declines request for daily access to detained ex-SIS Director Suresh Sallay

Colombo HC dismisses Shashi Weerawansa’s appeal over passport case

Colombo HC dismisses Shashi Weerawansa’s appeal over passport case

Satyagraha staged against Suresh Sallay’s detention temporarily suspended after court decision

Satyagraha staged against Suresh Sallay’s detention temporarily suspended after court decision

Court appoints five-member special medical panel to examine Suresh Sallay’s health condition

Court appoints five-member special medical panel to examine Suresh Sallay’s health condition

Opposition calls for fair investigation into Easter attacks and Suresh Sallay

Opposition calls for fair investigation into Easter attacks and Suresh Sallay

Cabinet Spokesman rejects accusations, says Suresh Sallay treated like any other detainee (English)

Cabinet Spokesman rejects accusations, says Suresh Sallay treated like any other detainee (English)

Minister claims funds transferred to foreign companies via ‘TT’ payment method, posing as importers

Minister claims funds transferred to foreign companies via ‘TT’ payment method, posing as importers

Suresh Sallay continues hunger strike; UNP calls for parliamentary review of treatment (English)

Suresh Sallay continues hunger strike; UNP calls for parliamentary review of treatment (English)

“Executive undermining judicial independence” Sajith says public trust on government is eroding

“Executive undermining judicial independence” Sajith says public trust on government is eroding

“Family & legal intervention made hospitalization possible”Suresh Sallay remains under hospital care

“Family & legal intervention made hospitalization possible”Suresh Sallay remains under hospital care

Satyagraha campaigned launched at Colombo Fort in support of Suresh Sallay who is detrained by CID

Satyagraha campaigned launched at Colombo Fort in support of Suresh Sallay who is detrained by CID

Farmers decry lack of fertilizer stocks; Fertilizer for Yala season already disbursed, Minister says

Farmers decry lack of fertilizer stocks; Fertilizer for Yala season already disbursed, Minister says

First graduation ceremony of Mogo Media Academy held in Colombo; 115 students awarded certificates

First graduation ceremony of Mogo Media Academy held in Colombo; 115 students awarded certificates

“Global & domestic pressure may challenge future stability" Steps announced to tackle rising risks

“Global & domestic pressure may challenge future stability" Steps announced to tackle rising risks

Lassana Flora