State Minister urges public to clap more for foreign reserve claim

8 April 2025 04:36 pm Views - {{hitsCtrl.values.hits}} 22 Bookmark

A A A

Colombo, April 8 (Daily Mirror) - NPP State Minister Nalin Hewage urged the public gathered at a rally to cheer more enthusiastically for his claim on the increase in Treasury reserves.

During his speech, he looked disappointed at the faint cheer he received from the public when he mentioned that Sri Lanka’s Treasury held only USD 20 million when the National People’s Power (NPP) Government assumed office.

“However, our administration has increased Treasury reserves to USD 6.19 billion,” he stressed.

Meanwhile, addressing the matter, Cabinet Spokesman Minister Nalinda Jayatissa today revealed monthly figures verified by the Central Bank, outlining Sri Lanka’s official reserve levels from September 2024 to March 2025.

According to the Cabinet Spokesman, Treasury reserves stood at USD 5.99 billion in ⁠September 2024, USD 6.47 billion ⁠in October 2024 and USD 6.51 billion in ⁠March 2025.

Comments - 22

Anil Fernando Tuesday, 08 April 2025 04:43 PM

March includes 334 m from IMF. So there is practically no increase from Sept.

0 1

Timothy Tuesday, 08 April 2025 05:04 PM

Pachoris Nallama and the Pacha Gune's confused state wants even credit for automatic gain in the reserves. It was only 20 million in 2022 and 6 billion in 2024. And the reserves have increased by 0.5 billion for all the good work done and establishing the economy and influx of tourists. You confused incapable dont have even the knowldeg to run a PETTI KADE did not do a ball for this. Actually it should have increased to 8 billion if any knowledge or effort was put.

0 7

Peter Perera Tuesday, 08 April 2025 05:05 PM

All npp know is to deceive the people . Of course the jvp supporters will believe anything what they say. The system changes are taking place as we speak.

0 6

Dr Tissa Fernando Tuesday, 08 April 2025 05:06 PM

One NPP guy delivers a complete lie and another NPP guy is correcting it later. In fact the reserves have only marginally increased due to seasonal factors such as increase in tourism and expat remittances while exports are down and imports are up. A country with USD 6.9 billion in reserves is spending USD 1 billion in importing cars , suvs for the elite.

0 7

Dr. Dee esquire Tuesday, 08 April 2025 05:21 PM

There was a time when people clapped about bringing back Uganda Money!

0 5

Donnyboy Tuesday, 08 April 2025 05:31 PM

USD 20m reserves when taking over the Government is a lie. End of 2023 we had about 4.4 billion. These folks lie while in the opposition and lie while in power. May be that’s why people don’t want to clap…

0 6

Nobody Tuesday, 08 April 2025 05:31 PM

What a joke. Whole world knows that RW started with 20 mil reserve and increased to 6.4 billion … I think SL should call for early election and chase out these bunch of liars and goons

0 8

Bernard Jayatilake Tuesday, 08 April 2025 05:33 PM

They cheer enthusiastically for promises of a 'beautiful life or rogues will be rounded up and punished' as you successfully campaigned during the last two elections and remember although the literacy rate is about 90%,, the financial literacy is a low of 55% and you have now proven beyond doubt that you all follow the economic policies of the former ruler.

0 3

Ranga Tuesday, 08 April 2025 06:30 PM

Straight up lie

0 7

Silence is golden Tuesday, 08 April 2025 07:28 PM

No matter whether people clap or not, keep moving the GOVT is on the right track.

7 1

TC Tuesday, 08 April 2025 07:35 PM

This idiot is the official "Stand-up Comedian" of NPP.

0 7

martin Tuesday, 08 April 2025 07:52 PM

1.5 billion of that is Chinese credit swap

0 3

Timtom Tuesday, 08 April 2025 08:07 PM

Best thing for the NPP parliaments is to keep quite. When they open their mouth they just tarnish the NPP government.

0 7

Christo255 Tuesday, 08 April 2025 08:37 PM

National pacha pawa. Can they blatantly lie like this without shame

0 6

S P Tuesday, 08 April 2025 08:45 PM

The truth is Central Bank controls the foreign reserves while keeping the exchange rates and interest rates stable. SL is not yet in a position to let the market do this. So the government deserves credit for controlling its expenditure allowing the CBSL to act independently (as enacted already) and the Governor CBSL for doing this job remarkably well without too much volatility. Obviously when the NPP government took over this was already happening and the reserves were around $6B. Ideally it should be more, but for that substantial economic reforms are necessary and a huge amount of foreign investments to flow in. Trump’s recent theatrics have added an additional curve ball into this process.

0 0

M Fernando Tuesday, 08 April 2025 08:53 PM

Well, it was probably not due to anything miraculous that the NPP did and would happened regardless of who was elected. Asking for applause is shameless and shameful. President should ask his minions to think before engaging their mouth instead of the other way around.

0 4

Aby Tuesday, 08 April 2025 09:01 PM

Pathetic fellows to claim the good things done by others as it's theirs.

0 5

Ganesh Wednesday, 09 April 2025 01:00 AM

Looks like the National Pacha Party is trying to take credit for someone else’s hard work and foresight. At least be civil and give credit where it’s due.

0 5

Tilak Wednesday, 09 April 2025 01:29 AM

Was Ranil W an NPP member? It was he who took over the country when the reserved were down to 20 million dollars and increased it to approximately 5 billion!

0 6

Don Wednesday, 09 April 2025 05:19 AM

This kind of idiots will ruin NPP and AKD’s mission. As he did with some foul mouth members, please issue a directive to stop them talking in public on matters they have not verified with NPP think tank. I am not a NPP follower or supporter. However I want NPP to change political culture and develop this country until people test their mandate after 5 years.

0 5

Mark Anandappa Wednesday, 09 April 2025 10:09 AM

The CB report proves what a liar this guy is so the NATIONAL PACHA PARTY =NPP

0 7

Tim Wednesday, 09 April 2025 10:38 AM

THUMPS UP for LETTING US KNOW THE CORRECT MEANING OF NPP. THANK YOU

0 1

222

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.