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Rupee depreciation: MR urges Govt. to find immediate solutions

2018-09-22 13:42:37
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Former President Mahinda Rajapaksa urged the Government to come up with an immediate solution to address the issue of depreciation of rupee against US Dollar, saying it was the people who are being affected.

Speaking at a special news briefing held at his residence in Colombo, Mr Rajapaksa said the Government should admit its incapability .

“This is a serious issue, which needs serious attention. Even during the wartime and world economic crisis, we managed to keep our economy above the water. In fact, Sri Lanka was one of the few Asian countries, which remained unaffected by the economic crisis. We invite the Government to come to terms with its incapability and find solutions to the depreciation of rupee without pointing fingers at us,” he said.

Meanwhile, MP Wimal Weerawansa said the Government should immediately resign and handover the country to the Joint Opposition led by former president Rajapaksa.

“We are ready to rule the country. We have already shown how to manage the economy. Its unfortunate that neither the President nor the Prime Minister can contain the fiscal mismanagement,” he said. (Lahiru Pothmulla)

 

 

Video by Damith


  Comments - 27

  • silly Saturday, 22 September 2018 13:47

    The great economist speaks!!

    Reply : 14       178

    willy Saturday, 22 September 2018 14:03

    .. and his lapdog

    Reply : 11       164

    Bala Saturday, 22 September 2018 16:33

    The one who caused the trouble and his crony who knows nothing of economiics.

    Reply : 10       120

    Bandu master Sunday, 23 September 2018 09:45

    We can use US$ as our currency

    Reply : 0       30

    Dhammika Sunday, 23 September 2018 21:01

    With MR great economic advisors MODAwansa and MODA BURUWA on either side .

    Reply : 0       11

    Zub Saturday, 22 September 2018 14:00

    Perhaps his able friend Wimal may be able to give a better solution if he thinks it's not another western conspiracy.

    Reply : 2       136

    nj Saturday, 22 September 2018 14:14

    Why speak in hate, be truth to yourselves, didn't he manage better than these RRR (Right Royal Rogues) whatever his other shortcomings .

    Reply : 140       29

    AO Saturday, 22 September 2018 14:57

    The so called patriot that sold the nation to China and India... how exactly did he rule better? When Petrol was 167, Deisel was 127, and Gas was 2,500? Add to that there was no democracy. When you speak try to be unbiased and don’t speak from your arse!

    Reply : 14       161

    Ron Sunday, 23 September 2018 16:39

    All these chinese loans for the fake projects were taken by MR regime

    Reply : 1       12

    Haramanis Saturday, 22 September 2018 14:20

    The Govt seems to be drifting aimlessly with no direction and no action with the left hand not knowing what the right hand does, and in the meantime the people are exposed to more and more hardships day by day - so no wonder that the past Prez is speaking out

    Reply : 96       19

    dickson Saturday, 22 September 2018 16:23

    harmanis, ask MR return all the stolen money b4 he speaks

    Reply : 11       108

    Harini Sunday, 23 September 2018 16:15

    Good idea! And Dickson, could you ask the Prime Minister to do the same?

    Reply : 1       2

    Roshan Saturday, 22 September 2018 14:29

    Let them current world affairs about the dollar..they stole and pumped the money to survival of the super then.shame for these theives to come on public platform..

    Reply : 12       86

    Criminal Saturday, 22 September 2018 14:38

    Picture worth a thousand words . Three stooges at their best , MR , Moda Booruwa and Lemon Puff.

    Reply : 8       88

    Silva Saturday, 22 September 2018 14:46

    If you JOkers were in power rupee would have been 200 by now. Keep your cheap politricks to yourself.

    Reply : 15       106

    JOHAN Saturday, 22 September 2018 14:49

    In Asian countries only Pakistan and Sri Lanka are hit badlyagainst dollar. Other countries are well managed.President and PM must get into this and reveal the truth to the nation without just getting FM's foot note and speak.

    Reply : 78       14

    Arnold Saturday, 22 September 2018 14:53

    Please stop trying to gain political mileage with every problem. Everyone just waiting to grab money and power.

    Reply : 10       79

    Money Saturday, 22 September 2018 16:11

    Hand back all the stolen money.

    Reply : 5       71

    kumar Saturday, 22 September 2018 16:33

    seeds were sown for the depreciation of the rupee by previous regimes by costly white elephants for which payments are being made. Further by holding down the rupee we have encouraged luxuries and imports at the cost of exports. Murunga leaves are rich in iron and calcium which we have ignored similarly there are many a local produce which are cheaper and effective.

    Reply : 2       55

    Harini Sunday, 23 September 2018 16:18

    Are you seriously suggesting people live now on murunga leaves because they can't afford a regular meal? That's called gaslighting mate!

    Reply : 0       2

    Maduranga Saturday, 22 September 2018 16:51

    Don't compare other countries rupeediscrease.75% of our economy depends on imports and their foods and service cheepe than us no much tax like here. If $ goes more than rs 190 /- lot companies will start to close.

    Reply : 3       28

    Harini Sunday, 23 September 2018 16:23

    Simple comparison. The rupee in India/Pakistan and Sri Lanka. Check what you can buy with the per capita monthly income in each country. Ex. food and utilities per family. In Sri Lanka, you will find, it doesn't stretch as far. That will shut this government's ridiculous argument of comparing the rupee depreciation. People should be able to buy essentials to live like human beings. Those countries have that despite a bigger population and massive poverty. That is the reality.

    Reply : 1       1

    lion Sunday, 23 September 2018 06:11

    asaw asaw panditha wisharada, arthika maha aduru thumage prakashanayata.

    Reply : 1       16

    Dhammika Sunday, 23 September 2018 16:00

    The two seated on either side of MR will give SUPER solutions to the problem . HAH ! HAH! HA.

    Reply : 1       7

    Rupial Gemma Sunday, 23 September 2018 16:38

    Globally its a huge hit, not just in SL!! Get a grip will ya MR and cronies! Making hay to the poor masses. Why don't you give some of those monies that was officially 'robbed/stolen' would be the appropriate way to ease the deal these circumstance, if you were to be that True patriot, ah!Perhaps Bandula will have better knowledge on what to do!!

    Reply : 2       7

    Desoyza dumninda Sunday, 23 September 2018 20:47

    MR the money you stole by selling the 35 tons of gold will more than offset the SL Rupees fall. Why don't you give that money back?

    Reply : 1       11

    parakrema Monday, 24 September 2018 16:11

    We could have felt worse repercussions if you won for the third time. You very well knew what the writing is on the wall, thats why you called the elections TWO YEARS before your period ends?

    Reply : 1       2

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