“Colombo-listed stocks are slightly up so far this year, which is much better than many emerging markets after two months of sell-offs. While other Asian exporters are accused of keeping their currency artificially weak Sri Lanka appears determined to maintain a strong currency, to the dismay of exporters who price their goods in dollars.”, says Simon Montlake – the Forbes’ Asian correspondent.
In his article, Simon compares his findings on Sri Lanka with reference to the state it was when the war was on back in 2009. And applauds that “Sri Lanka Swims Against Asian Currency Depreciation Tide”.
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