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Back to stories
2 sourcesMay 26, 2026

What caused the sudden turnaround in the Rupee?

Advocata Institute CEO Dhananath Fernando says the recent depreciation of the Sri Lankan Rupee against the US Dollar has begun

Gossip Lanka News English•May 26, 2026
The 'magic' behind the rupee's depreciation against the dollar and what's going to happen to vehicle imports - Dhananath Fernando's analysis
By Gossip Lanka News English
Read full article

Summary

The signal is that they are trying to stop this because there are no dollars. Let's say I open an LC for 100 dollars. This is because dollars are now coming into the market.

Summarised from Gossip Lanka News English

What this story is about

People
  • Dhananath Fernando2
  • Fernando
Organisations
  • Advocata Institute2
  • Rupee2
  • International Monetary Fund
  • Central Bank of Sri Lanka
  • Letters of Credit
  • Sri Lankan Rupee
  • US Dollar
  • Fernando
Keywords
  • depreciation2
  • turnaround
  • analysis
  • imports
  • behind
  • caused
  • happen
  • sudden
  • begun
  • going

Names and places drawn from every article in this story. The number shows how many of them mentioned it.

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Also reported by

2 newsrooms have reported this story

  • What caused the sudden turnaround in the Rupee?NewsWire English·May 26, 2026
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