The central bank buys 500 million dollars

Date:

The Central Bank of Sri Lanka says that the Central Bank intervened to control the rapid decline in the price of the American dollar and bought about 500 million dollars from the local exchange market in the last few days.

“Since January, the central bank has taken about 1 billion dollars with Mandatory sales. About 500 million have been taken in the last few days. If we had not intervened, the price would have come down further,” said Dr. P.K.G. Harishchandra, Director of the Economic Research Department of the Central Bank of Sri Lanka.

Share post:

spot_imgspot_img

Popular

More like this
Related

Tourism Earnings Dip Despite Visitor Surge, Raising Concerns Over Sector Strategy

Tourism Earnings Dip Despite Visitor Surge, Raising Concerns Over Sector Strategy

President’s Fund Refocused to Serve the Public: Prime Minister

President’s Fund Refocused to Serve the Public: Prime Minister

Govt Moves to Modernise Urban Transport with New Fleet of Low-Floor Buses

Govt Moves to Modernise Urban Transport with New Fleet of Low-Floor Buses

Nationwide Local Government Initiative Launched to Inspire Urban Renewal

Nationwide Local Government Initiative Launched to Inspire Urban Renewal