The United National Party (UNP) has raised concerns regarding the "uncontrolled depreciation" of the Sri Lankan rupee, questioning the government's economic strategy. The party stated that the rupee has fallen from Rs. 292 to Rs. 354 against the US dollar over the past 20 months. According to the UNP, this decline is largely due to the government's lack of a clear economic plan, its failure to boost foreign reserves, and its inability to continue the economic program initiated by the former President. The UNP also warned of rising pressure on the public due to increasing living costs.
The Pulse
EconomyPolitics12h ago
UNP Questions Government's Economic Approach Amidst Sharp Rupee Depreciation
TLDR
UNP criticizes government over rupee depreciation.
Rupee fell from Rs. 292 to Rs. 354 in 20 months.
Cited reasons: poor economic plan, low reserves.
