{"id":123412,"date":"2022-03-11T16:13:35","date_gmt":"2022-03-11T23:13:35","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=123412"},"modified":"2022-03-11T16:14:17","modified_gmt":"2022-03-11T23:14:17","slug":"sri-lanka-rupee-devaluation-aimed-at-improving-macro-stability-cabraal","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2022\/03\/11\/sri-lanka-rupee-devaluation-aimed-at-improving-macro-stability-cabraal\/","title":{"rendered":"Sri Lanka rupee devaluation aimed at improving macro stability &#8211; Cabraal"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy Adaderana<\/em><\/span><\/h2>\n\n\n<p>The move to devalue the Sri Lankan rupee was aimed at improving macroeconomic stability as the country struggles with its worst financial crisis in years, the country\u2019s Central Bank governor Ajith Nivard Cabraal said on Friday.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"\u0dbb\u0dd4\u0db4\u0dd2\u0dba\u0dbd \u0db4\u0dcf \u0d9a\u0dd2\u0dbb\u0dd3\u0db8 \u0d9c\u0dd0\u0db1 \u0db8\u0dc4 \u0db6\u0dd0\u0d82\u0d9a\u0dd4 \u0d85\u0db0\u0dd2\u0db4\u0dad\u0dd2\u0d9c\u0dd9\u0db1\u0dca \u0dc0\u0dd2\u0dc1\u0dda\u0dc2 \u0db4\u0dd0\u0dc4\u0dd0\u0daf\u0dd2\u0dbd\u0dd2 \u0d9a\u0dd2\u0dbb\u0dd3\u0db8\u0d9a\u0dca...\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/13S1q_2VT-w?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>The central bank earlier in the week introduced a flexible exchange rate framework, which saw the rupee depreciate by around 30% to 260 rupees against the dollar on Thursday.<\/p>\n\n\n\n<p>The decision to impose a flexible exchange rate has caused challenges but we are confident these can be managed,\u201d Cabraal said in a short video uploaded on Facebook.<\/p>\n\n\n\n<p>However, it was a step taken to maintain macroeconomic stability and ensure financial system consistency,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy Adaderana The move to devalue the Sri Lankan rupee was aimed at improving macroeconomic stability as the country struggles with its worst financial crisis in years, the country\u2019s Central Bank governor Ajith Nivard Cabraal said on Friday. The central bank earlier in the week introduced a flexible exchange rate framework, which saw the rupee [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[],"class_list":["post-123412","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/123412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=123412"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/123412\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=123412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=123412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=123412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}