All of economy doesn’t collapse when Rupee depreciates – CBSL Governor ( English) US$ 184 million spent to defend Rupee – CBSL Governor
Posted on October 2nd, 2018

The Central Bank intervened by US$ 184 million on a net basis so far this year to defend the depreciation of the Sri Lankan Rupee.

In 2015 under this government about US$ 3.2 billion was spent to defend the Rupee and the Rupee was depreciated by little under 10%.”

So far we’ve had a 9.5% depreciation but on a net basis so far we have only spent US$ 184 million,” CBSL Governor Dr. Indrajit Coomaraswamy told reporters on Tuesday.

One Response to “All of economy doesn’t collapse when Rupee depreciates – CBSL Governor ( English) US$ 184 million spent to defend Rupee – CBSL Governor”

  1. Christie Says:
    October 2nd, 2018 at 7:02 pm

    Let it free fall.

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