Sunday 29th March, 2015
Investment & Money
27 Nov 2014
Jobs and Migration Key to Addressing South Asia Inequality
27 Nov 2014
Sri Lanka’s banking sector advised to build new products and services to drive growth: CB Governor
30 Oct 2014
Sri Lanka Planters’ Association says sustainability of tea industry in the hands of workers
Comments in Chronological Order.
Total 0 Comment(s)
2012-01-25 1:50 PM
Overnight depreciation was a horrendous decision! If you notice from that day onwards the economical system started seeing some imbalances. Government should think twice before making any dreadful decisions.
2012-01-26 10:51 AM
Depreciation is a dreadful exercise at any time. However it is worse when nobody else is doing it. We missed our chance in 2009 when currencies across the world were being depreciated, our Central Bank stood firm, rendering our exports uncompetitive, but imports cheaper. For a while we stood tall with the strongest currency in the world and that was all. Our imports exploded out of all proportions and our tea and rubber exports lost out to Kenya, India, Malaysia etc.
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