SL Rupee drops below Rs. 290 against US Dollar

29 May 2023 01:31 pm Views - {{hitsCtrl.values.hits}} 16 Bookmark

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The Sri Lanka Rupee (SLR) has further appreciated against the US Dollar (USD) today, according to the Central Bank (CBSL).

Accordingly, today's buying rate of USD is Rs. 289.89 while the selling rate is Rs. 303.26.

Comments - 16

johan Monday, 29 May 2023 01:40 PM

Then why cement price is not reduced past one month.Still sold at 2600 from 950/= per bag.If forex is the reason now it has to be reduced.SL is the only country in the world cement sold @ 9dollars per bag whilst middle eastern countries selling at @ 5 dollars per bag

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Jehan Monday, 29 May 2023 04:27 PM

In middle east government doesn't decide the cement price. If you think cement can be sold at $5 then why don't you import it at that price? That is how economies work.

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Liberal One Monday, 29 May 2023 04:28 PM

Is that why middle class people in western countries make houses using wood? And only super rich can afford cement houses?

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Mahila Tuesday, 30 May 2023 05:53 AM

SL Standards on Portland cement is different from ME countries and also the process of cement making! SL cement standard is superior!!

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Mahila Tuesday, 30 May 2023 05:53 AM

SL Standards on Portland cement is different from ME countries and also the process of cement making! SL cement standard is superior!!

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johan Monday, 29 May 2023 01:45 PM

Then why cement price is not reduced past one month.Still sold at 2600 from 950/= per bag.If forex is the reason now it has to be reduced.SL is the only country in the world cement sold @ 9dollars per bag whilst middle eastern countries selling at @ 5 dollars per bag.If high cost of raw materials and local production is the reason stop production and import at low price so that all construction companies can resume work.All poor masons will find money for their daily living

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Roshanaly Monday, 29 May 2023 01:57 PM

The prices of imported items are still the same.

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Ummm Monday, 29 May 2023 01:59 PM

Yet the prices of goods are not going down. Companies like Munchie etc must be making a mint.

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Lion Monday, 29 May 2023 02:48 PM

This happens when there is no demand for dollars, as most of the imports are beyond the reach of ordinary masses. So demand drops resulting the less imports

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Ram Monday, 29 May 2023 02:52 PM

Thanks to our brothers and sisters who sweat out to earn $$$$ after going overseas leaving their young children at home, some neglected by the carers

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Walter Guenthard Monday, 29 May 2023 04:03 PM

Again, the SL rupee can not go up against the dollar or any other currency as the SL rupee can not be traded anywhere in the world - this is just a hoax of the Central Bank and the Government.

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RR Monday, 29 May 2023 04:04 PM

WHILE THE NEWSPAPER REPORTS OF DROP IN USD, NOTHING IS HAPPENING TO COST OF LIVING

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Jappo Monday, 29 May 2023 04:10 PM

The general fools will be dancing with crackers now saying our boss did it!!!! But the reality is simple as a tsunami ..... It will go in......... And at once it will blow!!!! Donkeys here don't understand that there is no requirement for dollor at the moment .... We don't pay loans, we don't import and we don't purchase !!!!!! Wait till we start paying the loans.....

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Lion Monday, 29 May 2023 04:54 PM

Buying power of the people are controlled as the income is statice while prices of food medicine fuel and all the consumable items have sky rocketed . So dollars are plenty as the demand has plummeted. This is not an economic recovery this is purely keeping the people hungry to save money.

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sam Monday, 29 May 2023 05:22 PM

COL has no dropped. Is this a manipulation?

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Exporters will watch the sales plumment and dollar will rise again Monday, 29 May 2023 06:03 PM

Exporters get less and less revenue from sending overseas. Buyers will not want exorbitant priced Sri Lankan products. Export revenue will plummet, and rupee should be heading to the 500 rupee per dollar mark soon enough. Exporters will rejoice once rupee starts falling again, as will tourist operators.

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