USD Pegged Workplaces On The Rise In Sri Lanka
Posted 5,April

By Chehan Jayasuriya

In Local News

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A survey conducted by Open University Department of Electrical and Computer Lecturer and Gold Microsoft Learn Ambassador Indrajith Ekanayake covering 91 companies in Sri Lanka revealed that at least 30 companies in Sri Lanka have already pegged their salaries to the US Dollar, while others have pegged their salaries to currencies such as the Great Britain Pound, Euro and Australian Dollar.

Many ICT companies in Sri Lanka started pegging their salaries to the US Dollar, a practice that has received much popularity during the past month. According to Ananda Jayawickrama, Professor of Economics at the University of Peradeniya, the main reason for IT companies to peg the salaries of employees to the dollar was to make sure that the exchange rates were stable during the process.

Based on the results of the survey, peggedplacetowork.lk was created to provide a comprehensive list of workplaces in Sri Lanka that have pegged their salaries to foreign currencies.