Just like US President Donald Trump is properly managing US economy, ‘Our Trumps’ should also manage the Sri Lankan Rupee (LKR) to ensure the economic stability in the country, former minister and MP Susil Premajayantha said today.
MP Premajayantha told a Joint Opposition (JO) media conference that claims made by some government ministers were baseless that only the US’s economy was stable at present whilst the economy of many other countries were facing issues.
“Some ministers are saying that the LKR has depreciated due to President Trump. Why should President Trump be concerned about LKR? It is justifiable from his part to concern about the US economy and US Dollar,” he said.
“Similar to President Trump’s concern over US economy, ‘Our Trumps’ should give a thought on the LKR,” he added.
He said though some other countries were facing economic issues at this juncture, they had not become so weak as Sri Lanka since they were able to manage their economy through the exports.
“The government has failed to maintain a strong export income which resulted in a huge downfall in the economy followed by the continuous depreciation of the LKR,” he said. (Kalathma Jayawardhane)
Video by Buddhi
Comments - 19
Jaya Thursday, 20 September 2018 08:44 PM
Do you get advice from Bandula
lkboy Friday, 21 September 2018 10:56 AM
so Trump's policies are successful.
Saman Thursday, 20 September 2018 08:48 PM
He just started. Started from the nuts.
Tinkiriya Thursday, 20 September 2018 08:53 PM
A crook who could not successfully manage a single portfolio's is now talking economics. These donkeys deserves to be plastered onto a Trump wall for mismanagement. Can 'our Trumps' even pass a psychiatric assessment starting with you?
Unchikun Thursday, 20 September 2018 09:05 PM
This is the type of statements we can expect from a briefness lawyer or lawyers. We need to get this country to be driven by a business oriented visionary. The next elections we need to seen these fellows to that glorious bin I fill every Friday and leave by my gate.
Ceylon Thursday, 20 September 2018 09:09 PM
You was a total failer as minister.resign and go home.you did not do anything and can't do anything.
Dhammika Thursday, 20 September 2018 10:03 PM
Home for suSIL like baSIL is AMERICA . Both loot and rob from poor Sri Lanka and take home to rich America . EG.Baala petrol case .
dutugamunu1 Thursday, 20 September 2018 09:26 PM
why dont you divulge the process they should adopt to curb this rupee depreciation.Anybody can talk to the gallery but should mention practical solutions
lion Thursday, 20 September 2018 09:39 PM
What he says is correct. We should know to manage our economy.
Gummay Baiyya Thursday, 20 September 2018 10:07 PM
"says" is not what can do. Nothing he speaks of is "correct" and nothing can he manage except to loot from us to enrich his personal wealth. Where does larceny and theft fit into economics?
fareed Friday, 21 September 2018 11:22 AM
There is no our economy, it is a world economy where we are part of it.
Jude Friday, 21 September 2018 06:49 AM
Hey Susil stick to what you know!!?? Americans have a unofficial deal with China, that any time American Dollar going low, Chinese must buy American Dollars to avoid the slide and keep it stable!!! In another words American Dollar not going to depreciate!!! China owns American Bonds more than Japan Yeah! 1.17 Trillion dollars!!! Chinese can collapse American bond market and the American Dollar!! However, China will never resort to that, because on the long Run It's going to effect China MORE than Americans!!!
Mandy Friday, 21 September 2018 01:01 PM
Our Susil and Bandula do not know the real situation and our JOkers try to sling mud at any failure which not govt fault. Also there are media to give publicity to this nonsense.
Kingsley Wijesinhe Friday, 21 September 2018 08:32 AM
Shall we export him, provided there is a demand of course (which I doubt).
Lord Wolfstein Friday, 21 September 2018 10:01 AM
Trump is certainly not responsible with his idiotic economic policies that the dollar has risen. However, he is partly responsible for some currencies sinking. His economic policies lead to that many things in the US are becoming more expensive and many jobs are in danger. It is good that Trump has no influence on the Federal Bank.
fareed Friday, 21 September 2018 11:24 AM
Anything America does affect the world economy because US currency is the base currency of the world.
nihal j Friday, 21 September 2018 10:11 AM
The 6.2 Yahapalan voters still live in their hallucination (day dreaming). They just want R'paksha's to be dissolved even in the midst of this economic crisis that brought by present day Right Royal Rougesnj
kuthbuddin Friday, 21 September 2018 12:35 PM
his statement clearly shows how we voted for these idiots to govern the economy earlier
Sofia Friday, 21 September 2018 01:06 PM
This whole media report only shows how little Susil knows about real economics - how world economy is interdependent and how currencies fluctuate.
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