Page 10 - சிஇஒய்எல்ஓஎன் பெட்ரோலியம் நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Harsha Gunasena The Central Bank of Sri Lanka is committed to the stability of the financial system of Sri Lanka but some of the actions of the Bank lead to destabilize the financial system of the country. It is basic knowledge that managing an economy is a balancing act. When some one is engaged in a business, he cannot fix the bottom line since the bottom line is an effect of several causes including sales and expenses. One cannot fix even sales since sales is an effect of several causes including customer management. One can fix the causes and not the effects. Similarly, only an insane person can think that the exchange rate of a country can be managed  by force exercised in the market. The exchange rate  is an effect of the level of exports and imports of a country. In addition to that there are other causes such as foreign remittances and foreign loans. Sri Lanka is having a long-term deficit in the trade balance and also the current account. Higher level of imports is bein

Republic ofSri lankaKing dutugemunuHarsha gunasenaBank sellingExchange rateCentral bankCeylon petroleum corporationChinese development bankGross domesticAnnual reportBank buyingBank selling ratesDollar depositMonetary boardகுடியரசு ஆஃப்