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

Are the Jury and the Executioner the Same in Seeppukulama, Mihintale? Outrage as Elephant Killed in Brutal Attack

Are the Jury and the Executioner the Same in Seeppukulama, Mihintale? Outrage as Elephant Killed in Brutal Attack

Government’s Policy Reforms Risk Delaying Cyclone Recovery

Sri Lanka’s post-cyclone recovery effort stands at a crossroads...

Rs.150 Million e-Court Push Tests Government’s Reform Credibility

The government’s decision to allocate Rs. 150 million for...

Economic Engines Slow but Stay Resilient in November

Sri Lanka’s manufacturing and services sectors maintained expansion in...