{"id":673926,"date":"2026-05-16T03:34:21","date_gmt":"2026-05-16T03:34:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/673926\/"},"modified":"2026-05-16T03:34:21","modified_gmt":"2026-05-16T03:34:21","slug":"dilith-sounds-alarm-over-rapid-rupee-decline","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/673926\/","title":{"rendered":"Dilith sounds alarm over rapid Rupee decline"},"content":{"rendered":"

\t\t\t\t<\/a><\/a><\/a><\/a><\/p>\n

\"\"<\/p>\n

Sri Lanka\u2019s Rupee is depreciating at a faster pace than during the country\u2019s worst economic crisis period, according to Sarvajana Balaya leader and MP Dilith Jayaweera.<\/p>\n

Addressing a media briefing (15), Jayaweera claimed that the government\u2019s import and export policies had not been implemented based on an independent economic vision, but rather on external advice.<\/p>\n

He said his party had previously warned that the US Dollar would appreciate against the Rupee and argued that policy decisions had contributed to the current trend.<\/p>\n

\u201cVehicles were imported using Dollars while taxes were collected in Rupees. Rupees were generated while Dollars flowed out,\u201d he said.<\/p>\n

Jayaweera further claimed that industries were already facing severe difficulties and warned that the country was heading toward a broader economic challenge.<\/p>\n

He also cautioned that unless policy decisions were changed urgently, the economic contraction could begin affecting the public in the near future, leading to wider social consequences.<\/p>\n

\u201cWe have never seen the Rupee collapse at this speed. Even during the worst period, it did not fall this rapidly,\u201d he said. (Newswire)<\/p>\n

\t\t\t