Sri Lanka Takes Steps to Stabilize Economy and Boost Reserves As Prices and Exports Improve
- Exports and remittances rebounding, improving macroeconomic situation
- Foreign currency reserves have fallen significantly in past 2 years
- Exchange rate depreciated 30% against US dollar, making imports costlier
- Prices of essential commodities starting to fall according to Finance Minister
- Measures taken to stabilize economy will continue, goal to increase forex reserves
