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EXCHANGE RATE PREDICTION: 2022

Sri Lanka expects inflation to slow, rates unchanged Vote_lcap16%Sri Lanka expects inflation to slow, rates unchanged Vote_rcap 16% [ 43 ]
Sri Lanka expects inflation to slow, rates unchanged Vote_lcap21%Sri Lanka expects inflation to slow, rates unchanged Vote_rcap 21% [ 57 ]
Sri Lanka expects inflation to slow, rates unchanged Vote_lcap30%Sri Lanka expects inflation to slow, rates unchanged Vote_rcap 30% [ 83 ]
Sri Lanka expects inflation to slow, rates unchanged Vote_lcap34%Sri Lanka expects inflation to slow, rates unchanged Vote_rcap 34% [ 93 ]

Total Votes : 276

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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sri Lanka expects inflation to slow, rates unchanged

Sri Lanka expects inflation to slow, rates unchanged

3 posters

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ErangaDS

ErangaDS
Manager - Equity Analytics
Manager - Equity Analytics

Sri Lanka is maintaining current policy rates with inflation (the rate of increase in prices) expected to ease from the next few months, the Central Bank said.
https://economynext.com/sri-lanka-expects-inflation-to-slow-rates-unchanged-100746/

rajini


Manager - Equity Analytics
Manager - Equity Analytics

It is not going to happen very soon. From November exporters will be taxed 30% and from December rupee will be free floated. It means rupee will be down another 30% by December.

cseboss


Stock Trader

rajini wrote:It is not going to happen very soon. From November exporters will be taxed 30% and from December rupee will be free floated. It means rupee will be down another 30% by December.

Thanks for the update.. Mr.Govenor. Very Happy Very Happy
You seems knowing everything than the governor...lol

rajini


Manager - Equity Analytics
Manager - Equity Analytics

cseboss wrote:
rajini wrote:It is not going to happen very soon. From November exporters will be taxed 30% and from December rupee will be free floated. It means rupee will be down another 30% by December.

Thanks for the update.. Mr.Govenor. Very Happy Very Happy
You seems knowing everything than the governor...lol

Please be aware CB and ministry of finance came to an agreement with IMF recently.
Governor must know about these things. He represented SL during the IMF deal. He didn't reject these statements made by IMF and COPE.
During the last week there were lot of discussion on 30% export tax. This was widely discussed in COPE when BOI seek approval for tax relief to HCL software company.

https://www.themorning.lk/export-companies-taxed-up-to-30-from-november/

During the IMF press release after approving 2.9 Billions they mentioned about Flexible interest rates.

https://www.imf.org/en/News/Articles/2022/09/01/pr22295-imf-reaches-staff-level-agreement-on-an-extended-fund-facility-arrangement-with-sri-lanka
Rebuilding foreign reserves through restoring a market-determined and flexible exchange rate, supported by the comprehensive policy package under the program;

I think you might be the only person who don't aware of the things happening in SL.

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