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Sri Lanka rupee depreciates 2.1-pct against USD this year: Central Bank

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July 23, 2015 (LBO) – Sri Lanka's rupee has depreciated by 2.
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1 percent against the US dollar, during the year up to 21st July 2015, the Central Bank data showed.
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However, based on cross currency exchange rate movements, the Sri Lankan rupee appreciated against the euro by 10.0 per cent, the Australian dollar by 9.
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2 per cent and the Japanese yen by 2.0 per cent. The rupee also showed a depreciation against the pound sterling by 2.
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0 per cent and the Indian rupee by 1.
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6 per cent during this period. From the beginning of May 2015, rupee depreciated against the US dollar by 0.
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4 percent to 133.60 rupees. In a press briefing held earlier June, Central Bank Governor said the rupee may strengthen supported by foreign inflows to finance an upcoming general election in September this year.
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Abdul Hameed
Abdul Hameed
9 years ago

Move Asian Clearing Union to India or China. Add more Asian,African and Latin American Countries to it. To stop currency downfall due to Dollarisation of International trade. When more countries are in Union less Dollar Trade takes place. Then countries can trade in local currency instead of Other currencies.

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