President foresees potential dip in Dollar rate to Rs. 280, anticipates economic relief ahead
March 21, Colombo (LNW): President Ranil Wickremesinghe expressed optimism regarding the trajectory of the Dollar rate, anticipating a potential decline to Rs. 280 by June of the current year.
Highlighting the anticipated impact of this exchange rate adjustment, President Wickremesinghe underscored the potential for reduced commodity prices as a result of the Dollar rate decrease.
Moreover, the President conveyed his expectation for the continued strengthening of the Sri Lankan rupee into the following year, indicating a positive outlook for the country’s currency stability.
Addressing Sri Lanka’s recent economic challenges, President Wickremesinghe acknowledged the arduous path traversed by the nation, emphasising the necessity of making difficult decisions to navigate through the crisis.
Nevertheless, he expressed confidence that Sri Lanka has now reached a pivotal juncture where measures can be implemented to provide alleviation from the prevailing economic strains.
These remarks were made by President Ranil Wickremesinghe during the inauguration ceremony of the Bodhigara and Golden Fence, erected near the revered Mangedara Tempita Viharaya in Kegalle, held yesterday (20).
