Home » Minister introduces new strategy to stabilise market amid rising prices and currency depreciation

Minister introduces new strategy to stabilise market amid rising prices and currency depreciation

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March 24, Colombo (LNW): In response to growing concerns regarding the escalation of prices for essential commodities and the depreciation of the Sri Lankan Rupee against the US Dollar, Finance State Minister Ranjith Siyambalapitiya has introduced a new strategy aimed at stabilising the market in anticipation of the upcoming festive season.

During a press briefing, Siyambalapitiya unveiled plans for the daily disclosure of prices for imported goods and Value Added Tax (VAT), effective from the forthcoming Monday.

This initiative will be overseen by the Consumer Affairs Authority.

The primary objective of this measure is to furnish consumers with real-time pricing information, enabling them to exercise greater financial prudence amidst the prevailing inflationary environment.

Additionally, the Minister assured the public that comprehensive measures have been put in place to ensure an uninterrupted supply chain of goods, thereby mitigating the risk of any potential shortages that could disrupt festivities during the upcoming season.

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