{"id":123776,"date":"2022-03-25T14:02:50","date_gmt":"2022-03-25T21:02:50","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=123776"},"modified":"2022-03-25T14:02:50","modified_gmt":"2022-03-25T21:02:50","slug":"dump-rupee-install-currency-board-top-us-economist-tells-sl","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2022\/03\/25\/dump-rupee-install-currency-board-top-us-economist-tells-sl\/","title":{"rendered":"Dump rupee, install currency board, top US economist tells SL"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy Ceylon Today<\/em><\/span><\/h2>\n\n\n<p><img decoding=\"async\" src=\"https:\/\/uploads.ceylontoday.lk\/images\/2022\/03\/chcYVckBpPCyLYBFYyHGWsm5QSJ7k3lJ.jpg\" alt=\"Dump rupee, install currency board, top US economist tells SL\"><\/p>\n\n\n\n<p>A top US economist has recommended the dumping of the rupee and installing a currency board as the only way to save Sri Lanka\u2019s economy.<\/p>\n\n\n\n<p>Steve H. Hanke of the John Hopkins University notes the country had such an entity from 1884 to 1950.<\/p>\n\n\n\n<p>He tweeted, Today, I measure inflation in Sri Lanka at a roaring 49%\/yr. Sri Lanka\u2019s currency crisis and recent fuel price hikes are sinking LKA\u2026\u2026\u201d<\/p>\n\n\n\n<p>Since January 1<sup>st<\/sup>&nbsp;2022, the Sri Lankan rupee has depreciated ~26% against the USD. Sri Lanka\u2019s severe balance of payments crisis and recent fuel price hikes are sinking LKA\u2026\u2026\u201d<\/p>\n\n\n\n<p>\u2026\u2026To ease the crisis, LKA needs to install a currency board, like the one it had from 1884 until 1950,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy Ceylon Today A top US economist has recommended the dumping of the rupee and installing a currency board as the only way to save Sri Lanka\u2019s economy. Steve H. Hanke of the John Hopkins University notes the country had such an entity from 1884 to 1950. He tweeted, Today, I measure inflation in Sri [&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-123776","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/123776","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=123776"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/123776\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=123776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=123776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=123776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}