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

Some Sri Lankans are so Unforgiving and Merciless 

By Artists  Some Sri Lankans can be remarkably unforgiving, particularly when...

Johnston Anthony Fernando Elected Chairman of ICC Sri Lanka

Johnston Anthony Fernando, a renowned Sri Lankan business leader...

Sri Lanka Chief Justice and Supreme Court Judges Visit Sacred Sanchi Site in India

Sri Lanka’s Chief Justice, Justice Preethi Padman Surasena, together...

CBSL Tightens AML Net as Financial Sector Faces Scrutiny

Sri Lanka’s Central Bank has stepped up enforcement of...