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

Dairy Industry Slumps Despite Surging Demand  Milk Farmers Face Crisis

The Sri Lankan dairy industry is at a crossroads....

Exporters Urged to Prepare for New VAT Refund Regime

With Sri Lanka’s long-running Simplified VAT (SVAT) scheme now...

Economic Recovery Stalls as Policy Reversals Undermine Reform

Sri Lanka’s path to recovery remains woefully unfinished. While...

SL Construction Sector Gains Momentum, but Relief Delay Stalls Broad Recovery

Sri Lanka’s construction industry, long battered by economic turbulence,...