The value of Sri Lankan Rupee has depreciated further against the US Dollar amid the coronavirus outbreak.
The Sri Lankan Rupee hit an all-time low today with the Central Bank data indicating the selling rate of the US dollar at Rs. 200.46
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.
Meanwhile, a gazette was issued last week barring residents from making payments through Outward Investment Accounts (OIA) for overseas investments for a period of 3 months.
Rupee hits all time low of Rs. 200 against USD
08 Apr 2020
Rupee hits all time low of Rs. 200 against USD
08 Apr 2020
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