Home » Mobile Phone Prices Witness Significant Drop Amid Rupee Appreciation

Mobile Phone Prices Witness Significant Drop Amid Rupee Appreciation

written by CN Source

April 06, Colombo (LNW): The Sri Lanka Mobile Phone Importers’ and Sellers’ Association has announced a notable decline in mobile phone prices, ranging between 18% to 20%. Association President, Samith Senarath, attributed this price reduction to the consistent appreciation of the Sri Lankan Rupee against the US Dollar.

Speaking at a press briefing on the matter, Senarath highlighted that the recent strengthening of the Sri Lankan Rupee has positively impacted the pricing of mobile phones in the country. This development marks a significant relief for consumers who have been facing high costs for mobile devices in recent times.

The association’s statement underscores the correlation between currency exchange rates and consumer prices, emphasizing the tangible benefits of a favorable exchange rate environment. With the Sri Lankan Rupee showing signs of stability and appreciation against major currencies, including the US Dollar, consumers can expect more affordable options when purchasing mobile phones.

Senarath’s remarks signal a positive trend in the mobile phone market, indicating improved accessibility and affordability for Sri Lankan consumers.

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written by CN Source

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