11/23/2011

Sri Lanka Devalued Its Currency To Maintain Business!

Sri Lanka has deprecated its currency by 3%.
This surprising news was announced by Prime Minister Mahinda Rajapakse while unveiling the budget.

This devaluing of their currency is done by the government so that other countries with money crisis can continue business import and export with them.
Sri Lanka also took the decision that all goods that can be manufactured locally shall not be imported in future.


Yahoo news article here.

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