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Sunny Side Up: The ‘new printing press’

23 Oct 2021

Opposition Leader Sajith Premadasa recently claimed that the Central Bank of Sri Lanka (CBSL) was functioning as a “printing press”. He accused the CBSL of printing money extensively and thereby leading the economy towards a hyperinflation situation and dragging the economy further down. He opined that the Government should step down and hand over the country. “How shameless is the Government to hold on to its positions? The economy has entirely collapsed. The Central Bank has become a printing press, and if they continue their operation, the country would head towards a hyperinflation situation. The rupee that is depreciated at the moment will depreciate further and the cost of living will increase, and the cost of essential items will increase as well,” Premadasa charged. Premadasa made this statement during a media brief held in Hambantota last Monday (18).

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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!


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