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Rupee continues to strengthen due to sound economic decisions taken by govt.: Siyambalapitiya
As a result of sound economic decisions taken by the government, the rupee is continuing to strengthen, Finance State Minister Ranjith Siyambalapitiya said.
As a result, the country's political situation has stabilized, he said.
"The amount of foreign reserves, which was US$1.7 billion in September 2022, had increased to US$2.1 billion by the first week of February 2023, achieving a growth rate of 23.5%. That's an increase of US$400 million. Food inflation affecting all stood at 94.9% as of September 2022," he said.
It had come down to 60.1% by January 2023. By September 2022, the number of tourist arrivals was 29,802, with a growth of 261%, and it was recorded at 107,639 in February 2023, the Minister said.
He pointed out that all this had happened based on the economic policy decisions taken by the government. (Chaturanga Pradeep Samarawickrama)
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