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EXCHANGE RATE PREDICTION: 2022

Get in before the mad rush-CSE at huge discount Vote_lcap16%Get in before the mad rush-CSE at huge discount Vote_rcap 16% [ 43 ]
Get in before the mad rush-CSE at huge discount Vote_lcap21%Get in before the mad rush-CSE at huge discount Vote_rcap 21% [ 57 ]
Get in before the mad rush-CSE at huge discount Vote_lcap30%Get in before the mad rush-CSE at huge discount Vote_rcap 30% [ 83 ]
Get in before the mad rush-CSE at huge discount Vote_lcap34%Get in before the mad rush-CSE at huge discount Vote_rcap 34% [ 93 ]

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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Get in before the mad rush-CSE at huge discount

Get in before the mad rush-CSE at huge discount

4 posters

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ADVENTUS


Moderator
Moderator

Policy package to support greater macroeconomic stability : Allowing flexibility in the exchange rate


Considering the severity of the external shocks and recent developments in the domestic front, the Monetary Board of the Central Bank of Sri Lanka announced a comprehensive policy package on 04 March 2022 with the view to counter such economic headwinds. The Central Bank also indicated that it will continue to closely monitor the emerging macroeconomic and financial market developments, both globally and domestically, and will stand ready to take further measures as appropriate, with the aim of achieving stability in the fronts of inflation, the external sector, the financial sector, and real economic activity.
In that context, greater flexibility in the exchange rate will be allowed to the markets with immediate effect. The Central Bank is also of the view that forex transactions would take place at levels which are not more than Rs. 230 per US dollar.
The Central Bank will continue to closely monitor the developments in the domestic foreign exchange market and make appropriate policy adjustments accordingly.

Published Date: 

[size]
Monday, March 7, 2022[/size]

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Good decision But two late 

"UNNATA WEDIYA MALA HODA"

nigma likes this post

AmateurTrader001


Senior Equity Analytic
Senior Equity Analytic

To clarify; 
Macro economic stability will involve two radical changes: Float of USD and rise in interest rates, and even taxation. Float happened, and the other two should be raised for restructuring of economy. How do you think this will help CSE go into a mad rush?

ADVENTUS dislikes this post

samaritan


Moderator
Moderator

Stay in $ counters: LOLC, BIL, EXPO, Export oriented Companies.
                            & Real Estate owning/development Companies.
                             


                             

ADVENTUS likes this post

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