S L exchange rate to be flexible, but not so volatile: CB Governor
- CNL Reporter
- March 28, 2025
- Banking and Financial
- CB Governor
- 0 Comments
Sri Lanka’s central bank is not for a fixed exchange rate, but a much more ‘predictable’ regime, where investors can take positions, Central Bank Governor Nandalal Weerasinghe said.
“The exchange rate will have to be flexible, but not so volatile,” Governor Weerasinghe told local and foreign investors organized by the Colombo Stock Exchange.
“We don’t want an exchange rate going up and down on a daily or monthly basis, like we have in 2022.
“We need a much more predictable kind of exchange rate regime, which is competitive, which is in line with macro-fundamentals, and also people can take positions and take positions in terms of predictability.”
