The sell price of the US Dollar has increased up to Rs. 369.99 and the buy price up to Rs. 356.83, the Foreign Exchange of the CBSL revealed.
However, many commercial banks in Sri Lanka bids a higher rate for the US Dollar, revealing its sell price to be over Rs. 370. As of today, even state banks declared the sell price of the US Dollar to be Rs. 375.
Should Sri Lanka fail to find a solution to the forex crisis even by temporary means the value of the US Dollar could be rising above Rs. 500 before the end of the month further depreciating the Sri Lankan Rupee, economic analysts warn.
MIAP
