Another 200 billion rupees printed!

Date:

202 billion worth of currency was been printed on the 29th. This is the first time money has been printed since October 14th.

With this 202 billion, the total value of banknotes printed in 2021 is 825 billion rupees.

Opposition political groups, as well as economic experts, accuse the rupee of depreciating sharply in the face of continuous printing. However, the only option left for the government to cover the expenses in the country is to print money.

Share post:

spot_imgspot_img

Popular

More like this
Related

Think Smarter, Tax Better: ICCSL-RKMT’s 2026 Budget Blueprint

Think Smarter, Tax Better: ICCSL-RKMT’s 2026 Budget Blueprint

UK Envoy Hails Sri Lanka’s Tourism Revival amid Global Partnerships

UK Envoy Hails Sri Lanka’s Tourism Revival amid Global Partnerships

Construction Sector Revival Plan Aims Big as Growth Returns

Construction Sector Revival Plan Aims Big as Growth Returns

Sri Lanka’s Oil-Palm Ban Drains Billions in Foreign Exchange

Sri Lanka’s Oil-Palm Ban Drains Billions in Foreign Exchange