header logo
SLIC
Latest
US dollars not available anywhere at Central Bank’s rates - Harsha
Aug 19, 202105:50 PM
US dollars not available anywhere at Central Bank’s rates - Harsha
Mobitel inner 1278

Parliamentarian Dr. Harsha de Silva says that Sri Lanka is today facing its worst economic crisis since independence and that there are no US dollars available anywhere at the rates specified by the central bank. 

 

He stated that in the unofficial market the US dollar is being sold for around Rs. 235-240 and sometimes for even more, despite the exchange rates of the Central Bank of Sri Lanka stating that the buying price and selling price of the US dollar is Rs. 198 and Rs. 202.89 respectively. 

 

“Dollars are not available at these rates anywhere,” he said, referring to the Central Bank’s exchange rates. 

 

Dr. de Silva added that a Gazette notification has been issued stipulating a price of Rs. 98 per kilogram for rice, however rice cannot be purchased from anywhere at that price. He said the same can be said for the prices of salmon tins and gas cylinders as they cannot be purchased for the prices declared by the government.  

 

The SJB MP stated that unfortunately for the first time the Central bank is saying that a US dollar is Rs. 202, however the general public is unable to buy US dollars at that rate from anywhere. 

 

The former State Minister emphasized that what is happening is that Sri Lanka is today facing its worst economic crisis since independence and that the biggest challenge in the short term is the fact that within the next couple of months the country has to payback massive loans obtained is US dollars. 

 

 

 

 

MostRead
Mobitel 1278
VideoStories
 Sri Lanka approves US$1 million aid package for flood-hit Nepal

Sri Lanka approves US$1 million aid package for flood-hit Nepal

International drug trafficking network probed after 472kg of ‘Ice’ seized from Colombo Port

International drug trafficking network probed after 472kg of ‘Ice’ seized from Colombo Port

 Ex-Minister Piyankara Jayaratne convicted; Sentenced to seven years of rigorous imprisonment

Ex-Minister Piyankara Jayaratne convicted; Sentenced to seven years of rigorous imprisonment

‘Welle Saranga’ arrested in Dubai; Multiple drug trafficking and murder claims surface

‘Welle Saranga’ arrested in Dubai; Multiple drug trafficking and murder claims surface

“Public trust key to a strong police service” Another 10,000 new officers to be recruited

“Public trust key to a strong police service” Another 10,000 new officers to be recruited

“Loudspeaker misuse causing public inconvenience” Police to take stern action against offenders

“Loudspeaker misuse causing public inconvenience” Police to take stern action against offenders

"Govt. will not back down" Extension of judges’ retirement age a key reform,Justice Minister insists

"Govt. will not back down" Extension of judges’ retirement age a key reform,Justice Minister insists

Wheat flour price hiked by Rs. 17;  Parata, egg roti prices to rise by Rs. 5

Wheat flour price hiked by Rs. 17; Parata, egg roti prices to rise by Rs. 5

Trump says US is taking partial control of  Venezuela's vast oil reserves

Trump says US is taking partial control of Venezuela's vast oil reserves

Sevanagala sugar factory halts production,  staff granted leave

Sevanagala sugar factory halts production, staff granted leave

Narcotics crisis persists as majority of remand prisoners  face drug-related charges

Narcotics crisis persists as majority of remand prisoners face drug-related charges

Sri Lanka extends USD 1 million  humanitarian assistance to flood-hit Nepal

Sri Lanka extends USD 1 million humanitarian assistance to flood-hit Nepal

President says no more debate on banning Perahera as Kandy Esala Perahera concludes successfully

President says no more debate on banning Perahera as Kandy Esala Perahera concludes successfully

Sri Lanka’s agriculture sector faces  growing impact from prolonged dry spell

Sri Lanka’s agriculture sector faces growing impact from prolonged dry spell

Colombo Port enters global top 20  after strong container volume growth

Colombo Port enters global top 20 after strong container volume growth

Lassana Flora