Amidst the U.S.dollar appreciating to Rs.152 against the Sri Lankan rupee yesterday, the government claimed that the "real exchange rate " had strengthened.Deputy Foreign Minister Harsha de Silva told The Island last night that most countries had devauled their currency with the strenthening of the US dollar following the election of Donald Trump as the next President of America.
It was the nominal exchange rate that had gone up and not the real exchange rate, he said adding that it would boost exports.
It was the nominal exchange rate that had gone up and not the real exchange rate, he said adding that it would boost exports.
