Sri Lanka: Will US Dollar hit Rs.160 soon with present Crisis

StockGuru

StockGuru

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With the present Economic Crisis around the world that is yet to unveil amidst China's Stock Crash over 30% last few weeks, Black Monday in China occurred on 24th August 2015 and it had more repercussions around the Globe in other markets including in Sri Lanka.

What do you guys think will the US $ 1 - Dollar hit Rs.160 soon with this Crisis and our cost of Living become more expensive when Imported goods become Become expensive in Dollar terms when our Rupee goes down. Will the new government handle our economy well???

Jiggysaurus

Jiggysaurus

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160 may not be enough let's make it 360.

VALUEPICK

Greece

anu

anu

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Depreciation will only be gradual. Hope the new Govt attracts FDI and the forex position stabilizes to some extent. Remember due to sunami inflows, LKR appreciated in 2005? Though this time round I will not be similar, if we achieve large inflows, it can arrest the free fall.

worthiness

worthiness

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Other than inflows from tourism & foreign remittances major savings could be achieved through efficiencies ( by minimizing frauds, corruption, government spending & tax evasions etc..) if real "yahapalanaya" is meaningfully activated.

Focussed attention on the growth of export oriented products for emerging markets in mid to long term would accumulate more export income & employment opportunities. Such measures would support to control & delay the phase of currency depreciation over years.

Everything depends on how policy makers are capable of planning & implementing economic monetary & monetary affairs from mid to long term.

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NAME	VALUE	NET CHANGE	% CHANGE	1 MONTH	1 YEAR	TIME	2 DAY
[size=18] ASE:IND Athex Composite Share Pr [/size]	606.57	+38.19	+6.72%	-23.94%	-47.68%	05:55:08
[size=18] FTASE:IND FTSE/ASE Large Cap [/size]	176.74	+13.62	+8.35%	-26.73%	-53.01%	05:55:08

EXCHANGE RATE PREDICTION: 2022

Latest topics

Sri Lanka: Will US Dollar hit Rs.160 soon with present Crisis

1 Sri Lanka: Will US Dollar hit Rs.160 soon with present Crisis Tue Aug 25, 2015 3:33 pm

StockGuru

2 Re: Sri Lanka: Will US Dollar hit Rs.160 soon with present Crisis Tue Aug 25, 2015 3:34 pm

Jiggysaurus

3 Re: Sri Lanka: Will US Dollar hit Rs.160 soon with present Crisis Tue Aug 25, 2015 3:50 pm

VALUEPICK

Greece

4 Re: Sri Lanka: Will US Dollar hit Rs.160 soon with present Crisis Tue Aug 25, 2015 4:15 pm

anu

5 Re: Sri Lanka: Will US Dollar hit Rs.160 soon with present Crisis Tue Aug 25, 2015 10:12 pm

worthiness