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

Sri Lanka’s Growing Crypto Market Faces Regulatory Uncertainty

Sri Lanka’s Growing Crypto Market Faces Regulatory Uncertainty

Sri Lanka Seeks EU GI Tag to Protect Ceylon Tea

Sri Lanka Seeks EU GI Tag to Protect Ceylon Tea

Vehicle Registrations Surge to 48,708 in September Currency Risk Looms

Vehicle Registrations Surge to 48,708 in September Currency Risk Looms

Electrical Engineers Warn unbundling of CEB risks Operational Breakdown

Electrical Engineers Warn unbundling of CEB risks Operational Breakdown