De dollarisation News

UNP Slams Government Over Rupee Depreciation and Economic Policy.

The United National Party (UNP) has criticized the government for the significant depreciation of the Sri Lankan rupee, warning that the rising cost of living is placing an unbearable burden on the public while export sectors focus primarily on profits.

Central Bank Governor Attributes Rupee Depreciation to Global Market Shifts.

Central Bank Governor Nandalal Weerasinghe has clarified that the recent depreciation of the Sri Lankan Rupee is primarily driven by global economic conditions, distinguishing it from the domestic-led crisis of 2022. He reaffirmed the bank's commitment to a flexible exchange rate while maintaining intervention to prevent excessive market volatility.