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Sri Lanka to act ‘aggressively’ on forex market, take dollar peg to Rs185: Central Bank – EconomyNext
Sri Lanka’s central bank said it would aggressively to bring the rupee to 185 to the US dollar as the currency weakened towards 193 to the US dollar in forex markets…
ECONOMYNEXT – Sri Lanka’s central bank said it would aggressively to bring the rupee to 185 to the US dollar as the currency weakened towards 193 to the US dollar in forex markets in the wake of unprecedented money printing.
“The Central Bank is of the view that the recent increase in volatility of the exchange rate is unwarranted and unacceptable,” the monetary authority said.
“Accordingly, among other measures, the Central Bank will take appropriate action aggressively hereafter to contain this…
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