Ranil Makes A Grim Prediction About The Sri Lankan Rupee 
Posted 19,February

By Chaveendra Dunuwille

In Local News

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Former Prime Minister and leader of the UNP Ranil Wickramasinghe predicts that the Sri Lankan rupee will be valued at LKR 300 to the US Dollar by the end of 2022. 

Ranil Wickramasinghe stated that the actual value of the USD is around LKR 250, and it has the potential to rise as high as LKR 300 if urgent action is not taken. 

He also stated that the economy is deteriorating, and Sri Lanka has $6 billion in loans to repay by the end of 2022, which it must do in the first half of the year. 

Wickramasinghe also stated that “We have to have a plan for the future. We also need a short-term plan, as well as a medium to long term plan to take this forward. We need to have an economic framework that we agree on which will help implement these plans,”