Sri Lanka government taking tough calls to stabilize economy: Cabraal | Sinhala News

ECONOMYNEXT – Sri Lanka’s government is taking tough calls to stabilize the economy, Central Bank Governor Nivard Cabraal said as the country is floating the exchange to end forex shortages.

State-run Ceylon Petroleum Corporation raised fuel prices steeply as the rupee fell from 203 to 260 levels amid a float of the currency.

The central bank has asked for tax hikes as well price hikes power, sustained tax increase as well as fuel.

The government has taken a tough call in raising prices he said.

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