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

Crisis-hit Sri Lanka: Death toll rises to 465

Crisis-hit Sri Lanka: Death toll rises to 465

Swift Compensation Plan Launched for Farmers Hit by Widespread Flooding

Swift Compensation Plan Launched for Farmers Hit by Widespread Flooding

Private Credit Surge Signals Growing Risks and Opportunities in Economy

Private Credit Surge Signals Growing Risks and Opportunities in Economy

Sri Lanka Apparel Exports Show Resilience amid Global Market Challenges

Sri Lanka Apparel Exports Show Resilience amid Global Market Challenges