Comments on: Sri Lanka is recovering, but threats from central bank, US policy

By: Devindra Weerasooriya

Devindra Weerasooriya — Tue, 23 Jan 2024 06:49:02 +0000

The article has some useful content, describing Market fluctuations etc. But in general it appears to be a thinly wailed attack on the Sri Lankan Central Bank with statements such as “issued by a better central bank “.

IMO the current Central Bank has governed the “Finances of the Country” very well since the arrival of the Governor Nandalal. Replacing the deprecating phrase printing of money by the more refined phrase “Issuing of Bonds”; it is my observation that the Central Bank has Issued Bonds ONLY when absolutely necessary; pay government-salaries.

Apart from that the Central Bank should get credit for the timely action to to control the rate of inflation, over 60% in 2022, to the current levels of single digits. While it may be possible find some edge-cases where the Central Bank should’ve done better usually it has steered pretty well and influenced where it could.

By: Arjuna.ranawana@outlook.com

Arjuna.ranawana@outlook.com — Mon, 22 Jan 2024 06:55:10 +0000

Excellent detailed analysis as usual from EN

By: Sachitra

Sachitra — Mon, 22 Jan 2024 03:47:33 +0000

While food prices have more than doubled and creating inflation and people are starving, talking about monetary stability is such an irony.

By: sacre blieu

sacre blieu — Mon, 22 Jan 2024 03:46:58 +0000

so, what about the section of the population who saw their life savings value destroyed or the purchasing power reduced to a pittance, and then printed money directed towards a chosen few for their own stabilization and comfort. Now, the hapless victims are targeted in the name of recovery and left to rummage the dustbins for a meal. Not even a promised recovery of a rupee of stolen money is seen.