Currency Board Solution News Today

Milton Friedman, widely known for his work on taming floating exchange rates was also a supporter of currency boards or hard pegs which is also a consistent free market mechanism, Steve Hanke, a top US economist has said in a Sri Lanka interview.

Sri Lanka raised 87.5 billion rupees via Treasury bills with yields across maturities fell with most of the money was accepted from 3-month bills, data from the state debt office showed.