Minister introduces new strategy to stabilise market amid rising prices and currency depreciation

Date:

March 24, Colombo (LNW): In response to growing concerns regarding the escalation of prices for essential commodities and the depreciation of the Sri Lankan Rupee against the US Dollar, Finance State Minister Ranjith Siyambalapitiya has introduced a new strategy aimed at stabilising the market in anticipation of the upcoming festive season.

During a press briefing, Siyambalapitiya unveiled plans for the daily disclosure of prices for imported goods and Value Added Tax (VAT), effective from the forthcoming Monday.

This initiative will be overseen by the Consumer Affairs Authority.

The primary objective of this measure is to furnish consumers with real-time pricing information, enabling them to exercise greater financial prudence amidst the prevailing inflationary environment.

Additionally, the Minister assured the public that comprehensive measures have been put in place to ensure an uninterrupted supply chain of goods, thereby mitigating the risk of any potential shortages that could disrupt festivities during the upcoming season.

Share post:

spot_imgspot_img

Popular

More like this
Related

Should Cardinal Ranjith Receive Costly State Protection?

By Adolf Colombo (LNW): Sri Lanka is constitutionally a secular...

UNP Chairman Claims Prison Land Belongs to Ranil Wickremesinghe’s Family

Colombo (LNW): Former President Ranil Wickremesinghe, who has been...

The way my father taught me

By Krishantha Prasad Cooray “My father didn’t tell me how...

The Disgraceful Arrest of an Ex-President over $50,000

By Adolf In August 2025, Sri Lanka made inglorious history...