Economics

IMF Advocates Dedollarization and Monetary Policy Reform in Sri Lanka

  • October 7, 2024

The International Monetary Fund (IMF) has stirred political discussions around dedollarization in Sri Lanka through a report on liquidity operations and monetary policy. Despite no public demand to undermine foreign currency deposits, the IMF has recommended introducing statutory reserve requirements (SRR) for foreign exchange liabilities as part of a broader agenda to promote Sri Lanka’s

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Business

Sri Lanka Sets New Wage Rates for Tea and Rubber Workers at Rs1,350 Plus Rs50 per Kilo

  • September 18, 2024

Sri Lanka’s wage board has announced new daily wage rates for tea and rubber workers effective from September 10, as detailed in a recent gazette notice. The minimum daily wage has been set at 1,350 rupees for a standard ‘norm’ of each estate. Additionally, workers will receive an extra 50 rupees for every kilo of

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