Thursday, May 9 2024 | Time 12:39 Hrs(IST)
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World


SL economy stabilised with currency appreciated against USD

Colombo, April 27 (UNI) Sri Lankan State Minister of Finance Shehan Semasinghe said on Saturday the country's economy has stabilised, with the local currency appreciating from 360 in 2022 to 300 against one U.S. dollar at the moment.
The growth is now emerging, the minister said on social media.
Exchange rates in Sri Lanka are market-determined, which allows currency values to adjust according to supply and demand dynamics in the foreign exchange market, he said.
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