{"id":156610,"date":"2026-06-05T16:01:41","date_gmt":"2026-06-05T23:01:41","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=156610"},"modified":"2026-06-05T16:01:41","modified_gmt":"2026-06-05T23:01:41","slug":"crisis-in-stabilizing-the-exchange-rate-what-can-be-done","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2026\/06\/05\/crisis-in-stabilizing-the-exchange-rate-what-can-be-done\/","title":{"rendered":"Crisis in Stabilizing the Exchange Rate: What can be done."},"content":{"rendered":"

Garvin Karunaratne<\/em><\/span><\/h2>\n\n\n

Currently due to factors that have taken place in foreign countries, stabilizing the exchange rate( Sri Lankan Rupee vs US Dollar) has become difficult or rather almost impossible. Oil from the Gulf countries have to pass through the Straits of Ormuz which is controlled by Iran. Oil from Venezuela has come to a temporary halt. We recently got a stock of oil from the USA.<\/p>\n\n\n\n

The current price of a barrel of oil has reached $ 72 or more per barrel. Further this is the begining of confrontation and it is likely that prices will increase further in the near future. Increases in the price of oil may become forbidding very soon.<\/p>\n\n\n\n

What can we do.<\/p>\n\n\n\n

My mind travels back to the days when I was a university student in Colombo in 1950. I used to go by bike to swim at the Mount Lavinia St Thomas College pool daily from Nugegoda and I had a cycle dynamo which when turned on to touch the tyre provided a light to enable me to get home in the night.<\/p>\n\n\n\n

It was a very small dynamo and similar small dynamoes can easily be turned out. There are a number of Sri Lankan manufacturers that make small motors and they can easily manufacture these dynamoes. It will be child\u2019s play for Jinasenas who now makes motor pumps to attend to making dynamoes.<\/p>\n\n\n\n

I have travelled widely in Spain where I have seen small scale wind power units in homes, providing electricity using wind power.<\/p>\n\n\n\n

Let us not forget that many of our Districts abound in wind power,. On my endless inspections in Kegalla, Nuwara Eliya and Kandy I have graced death several times due to the sheer power of the wind. It is sad that we do not use wind power that abounds in many of our districts.<\/p>\n\n\n\n

These small dynamoes can be worked with wind power and every house can have a small dynamoe which perched on a long pipe in a home will be wind driven and can provide the power on a daily basis.<\/p>\n\n\n\n

In my world wide travels since leaving the Administrative Service of Sri Lanka I have seen many small wind powered dynamoes working specially in France and Spain, providing electricity.<\/p>\n\n\n\n

I have chided with death many a time on my many inspections, facing massive force of wind at vantage points. .<\/p>\n\n\n\n

I hope there are some engineers who in reading this paper may give thought to this idea and commence action. I am at the moment in the UK but winter here brings me back to my home and if any firm or engineers are making a move to use wind power to provide electricity it will be a pleasure to be associated with them.<\/p>\n\n\n\n

Though not an engineer, I am certain this idea is feasible and may please be considered.<\/p>\n\n\n\n

Garvin Karunaratne former GA Matara fifty years ago. garvin_karunaratne @hotmail.com\u00a0 \u00a006062026<\/p>\n\n\n\n

This Paper may please be copied by Newspapers and Magazines.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Garvin Karunaratne Currently due to factors that have taken place in foreign countries, stabilizing the exchange rate( Sri Lankan Rupee vs US Dollar) has become difficult or rather almost impossible. Oil from the Gulf countries have to pass through the Straits of Ormuz which is controlled by Iran. Oil from Venezuela has come to a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[],"class_list":["post-156610","post","type-post","status-publish","format-standard","hentry","category-by-garvin-karunaratne"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/156610","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=156610"}],"version-history":[{"count":1,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/156610\/revisions"}],"predecessor-version":[{"id":156611,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/156610\/revisions\/156611"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=156610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=156610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=156610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}