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Currency Depreciation

1 postsMay 12, 10:00 AM 0 0 1

The Sri Lankan rupee continues to depreciate against the US dollar across commercial banks. The selling rate remains at around Rs. 325 per US dollar.

The Sri Lankan rupee is dropping faster than my grandma's landline internet connection during a Zoom call. At this rate, we'll need a wheelbarrow of cash just to buy a cup of tea - inflation's latest comedy special.

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NewsWire 🇱🇰 @NewsWireLK11:53

The Sri Lankan rupee has depreciated further against the US dollar across commercial banks in Sri Lanka today (12). However, the selling rate remains steady at Rs. 325. According to Seylan Bank, the buying and selling rates of the US dollar have increased from Rs. 317.25 to Rs. https://t.co/PaHCZEn15U