Devaluation of 40% destroyed the country

Date:

Former Prime Minister Ranil Wickramasinghe asked parliament today who the hell authorized the Central Bank to devalue the Lankan Rupee by 40% in one day? The people responsible for the irresponsible and negligent decision must be found out and punished. This stupid decision he noted ruined the Country.

230-235 for a USD was acceptable. Now it is on a path of no return. It is the dumbest decision to have been made by the Central bank. The officials responsible must be punished he repeated. He also asked who took the decision not go to the IMF last year? Parliament needs answers.

Parliament must take over the responsibility because the government has failed the people . He noted food inflation may be now 40% . This new year most people will not be able to put 2 meals on the table. What a tragedy he concluded.

Share post:

spot_imgspot_img

Popular

More like this
Related

Serviced Office Giant Kerner Haus Bets Big on Colombo Hub

Kerner Haus Global Solutions PLC has taken a decisive...

Flood Crisis Threatens Sri Lanka’s Vital Export Sector Stability

Sri Lanka’s export industry is facing one of its...

Sri Lanka Customs Revenue Surges 65% despite Past Corruption Allegations

Sri Lanka Customs, long criticized as a state institution...

Rapid Emergency Repairs Push Sri Lanka Telecom Services toward Recovery

Sri Lanka’s catastrophic cyclone flood disaster has not only...