The value of the Sri Lankan Rupee (LKR) has appreciated against the US Dollar with the Central Bank data indicating the selling rate of the USD at Rs. 195.78.
The rupee has been under pressure over last several weeks amid the coronavirus outbreak.
The LKR hit an all-time low of Rs. 200.46 against the USD on the 8th of April.
CBSL last month directed banks to suspend the facilitation of vehicle imports and non-essential goods as well as to suspend the purchase of Sri Lanka’s International Sovereign Bonds to ease exchange rate pressure.
As another measure the CBSL requested all Sri Lankans and wellwishers living in Sri Lanka and abroad to consider depositing their savings and other funds in foreign currency within the Sri Lankan banking system during the three month period commencing from 2nd April 2020.
The government further announced that importation of non essential items will be limited/ suspended until further notice.
The government also banned residents from making payments through Outward Investment Accounts (OIA) for overseas investments for a period of 3 months.
Rupee appreciates to Rs 195.78
15 Apr 2020
Rupee appreciates to Rs 195.78
15 Apr 2020
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