Page 19 - Modern Monetary News Today : Breaking News, Live Updates & Top Stories | Vimarsana

When government grows without restraint, the American people pay the price.

Sri Lanka has had had 'successful results' from controlling imports of 16 types of foods, and similar efforts are being made in the pharmaceuticals sector to 'save foreign exchange' Finance Minister Basil Rajapaksa had said.

Sunday July 25, 2021 5:04 am Sunday July 25, 2021 5:04 am ECONOMYNEXT – Sri Lanka’s nation-wide inflation in the past 12-months measured by the National Consumer Price Index rose 6.1 percent, with prices jumping 1.5 percent during the month, data from the state statistics office said. The National Consumer Price Index rose to 145.7 points in June from 143.6 points in May 2021 on top of a 1 percent rise in 2021. Food prices, among commodities that rise fastest in response to monetary policy were up 9.8 percent from a year earlier. The NCPI was also 6.1 percent in May. The NCPI exceeded S...

Challenge Before The New Finance Minister: Choice Between Pragmatism & Dogmatic Ideals Dr. W.A Wijewardena The new Finance Minister Basil Rajapaksa, known in political circles by his first name Basil, is reported to have made an especially important confession on assuming duties last week. He is said to have pronounced: “Our priority is to serve the people. We have identified all the key priorities and requirements of the general public. However, at times we will have to take certain unpopular decisions, just like how a father would for the betterment of his children and family. But these ...

Forex Crisis, Plea For Calmness In National Interest, And Need For Getting IMF-Driven Bailout Plea for calmness in national interest In the wake of Sri Lanka’s foreign exchange crisis graduating from ‘acute’ to ‘severely acute’, the Central Bank Governor Deshamanya Professor W.D. Lakshman has appealed for calmness which everyone should do in his view in national interest. Reiterating the Government’s commitment to meet all foreign exchange liabilities on time, he has blamed the speculators, political elements, and the media for the current mishap: “We have also observed that som...