“Sri Lanka’s economy booming; more foreign reserves; strong currency” – Forbes

Sri Lankan rupee is unchanged compared to the Dollar. Since the war got over, Sri Lanka sees a rapid growth in the economy and even infrastructure wise.

“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”.

 

Check the full article:

http://www.forbes.com/sites/simonmontlake/2011/09/29/sri-lanka-swims-against-asian-currency-depreciation-tide/?.
– Sinhalaya News

 

 

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Posted by on October 1, 2011. Filed under Business, West. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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