US dollar at Rs 500 : Prediction from former AG
It is estimated that the US Dollar could increase up to Rs. 500 by the end of the year, former Auditor General Gamini Wijesinghe has warned.
He made the observation while addressing an event that was held in Colombo on the pathway to rectifying the current economic crisis.
Gamini Wijesinghe said the current debt status of the country shows that the Government has failed in its duties.
He further emphasized the need for a new programme to rebuild the crisis-hit nation.
Gamini Wijesinghe added that it was essential for the Government to at least now realize that the country is bankrup
More Stories
Excited to keep going in UK PM race, says Rishi Sunak as polls favour Liz Truss
British Prime Minister hopeful Rishi Sunak on Thursday said he is excited to keep going in the Conservative Party leadership campaign even as surveys of party voters predict a firm lead for his rival, Foreign Secretary Liz Truss.
Vanuatu cargo ship fire: safety authority investigating
The authority's commissioner, Less Napuati, said other relevant government institutions such as the environment department were due to fly to...
UNDCO Regional Director for Asia-Pacific calls on President Ranil
Regional Director for Asia-Pacific of the UN Development Coordination Office (UNDCO) David McLachlan-Karr, who arrived in Sri Lanka earlier this...
Australia commits another $25 million in emergency aid to Sri Lanka, takes total to $75 million
The Australian government will lift emergency aid to Sri Lanka to AU$75 million as the south Asian island grapples with...
Central Bank boss rules out domestic debt restructuring
Says Govt. position remains only to restructure external debtOpines domestic debt restructuring could lead to serious implications on banking systemAsserts...
U.S. to hold formal trade talks with Taiwan in show of support
President Joe Biden’s coordinator for the Indo-Pacific region said U.S. policy wasn’t changing regarding Taiwan and China.