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Govt. to take precautions to strengthen the rupee: PM

3 January 2019 12:34 am - 14     - {{hitsCtrl.values.hits}}

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The Government will come up with a programme to strengthen the devalued rupee and to cover the losses incurred to the economy during the 52-day political crisis last year, Prime Minister Ranil Wickremesinghe said on Tuesday.

Prime Minister Wickremesinghe who was speaking during the opening of Fifth K. Orchids restaurant at Water's Edge said one cannot afford to allow the rupee to devalue further.

“The previous government which lasted for a month had spent a large number of funds to keep the rupee stable. However, it has devalued further. Cost of living goes up with the devaluation of the local currency. We cannot let this happen any more,” the Prime Minister said.

He said the cabinet had already discussed on stabilizing the rupee. We have decided to have a dialogue with all our friendly nations in order to get their financial assistance to strengthen the rupee. “It is also important to launch various programmes to enhance exports,” in this regard.

Mr. Wickremesinghe said the foreign reserves which were at US$ 8 had fallen to a lesser amount currently.

“We planned a vast development programme earlier last year but it could not be implemented due to the political crisis last year. Hotels would have been full with tourists if this programme was implemented,” he added. (Yohan Perera)

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  Comments - 14

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  • muhandiram Thursday, 03 January 2019 08:45 AM

    Simplest way is to put Arjun Mahendran in jail along with ALL those who Robbed the Bond Csam Thieves and ALL those who helped them and ALL the Robbers and Criminals of the Mara era. Of course, you need to Get Lost too.

    Samare Thursday, 03 January 2019 09:27 AM

    LOL... I love this statement. "We planned a vast development programme earlier last year but it could not be implemented"Seriously?

    Stop talking and act faster. Thursday, 03 January 2019 10:07 AM

    Mr.pm no point talking about JR's 51days or your 3 years. Stop importation of cars

    Unchikun Thursday, 03 January 2019 09:51 AM

    Come on, not with that disgraceful bowl again. The fastest and best way to improve our foreign exchange reserves is increase exports. We always look at goods. This we can not do as out labour cost are high. The quickest is to get into the software industry. People can work from home or from under a Bo Tree. The government needs to drive this industry. We have a good non cabinet minister in this field and give him all the assistance.

    Nihal Thursday, 03 January 2019 09:56 AM

    return the central bank loot to boost the economy

    Ravi Thursday, 03 January 2019 10:01 AM

    What crap this man speaks...

    I O Sansare Thursday, 03 January 2019 10:14 AM

    Is that why Arjun Aloysius and Palisena were released? Stop joking Mr PM.

    Waco Thursday, 03 January 2019 10:19 AM

    " Baila, Baila,Baila, thavath Baila.

    MAD HATTER Thursday, 03 January 2019 10:29 AM

    "during the 52-day political crisis last year" No ranil - the rot started even before this period. We will see whether at least now you will stop further depreciation. Please don't talk through your hat.

    Sunil Sirisena Thursday, 03 January 2019 10:29 AM

    Brilliant ...Mr Pri Minister ..another year of awesome development coming up..Good Luck to all ..!!

    Kawudajoraa Thursday, 03 January 2019 11:08 AM

    Very honest and wise statements with a clear vision .We are a blessed nation.

    Rohan Thursday, 03 January 2019 05:07 PM

    Stop talking rubbish and fooling people. Just control foreign imports. Then the rupee will be strengthened. We need to increase export but it takes years to materialise. But controlling non essential luxury imports including cars can be done immediately.

    Upul Thursday, 03 January 2019 05:45 PM

    We do not need your BS. You always blame others for your inability. Please retire now and give your position to a person who can deliver.

    senaratne Thursday, 03 January 2019 05:58 PM

    P.M. before anything else just clear your name from Bond Scam by producing Arjun Mahendran in courts. If not you will be history after the next election results.


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