Sri Lanka’s central bank intervened as the rupee closed at a record low at the end of last week.
The central bank intervened by selling US dollars to support the currency, reports Reuters.
Officials at Sri Lanka’s central bank were not available for comments. Earlier last week senior deputy governor at Sri Lanka’s central bank Nandalal Weerasinghe said the bank would intervene to smooth high volatility and to support the rupee when necessary.
Sri Lanka is one of the most dangerous places in the world to be a journalist. Tamil journalists are particularly at threat, with at least 41 media workers known to have been killed by the Sri Lankan state or its paramilitaries during and after the armed conflict.
Despite the risks, our team on the ground remain committed to providing detailed and accurate reporting of developments in the Tamil homeland, across the island and around the world, as well as providing expert analysis and insight from the Tamil point of view
We need your support in keeping our journalism going. Support our work today.