President urges public to cut fuel use and imports to control dollar pressure
Sri Lanka, May 20 -- President Anura Kumara Dissanayake announced that Sri Lanka faces a severe crisis concerning the United States dollar, noting that the strengthening of the currency against other foreign units directly affected the value of the Sri Lankan rupee. Speaking at the "Ratama Ekata" national anti-narcotics programme in the Batticaloa district today, the President stated that the tourism industry, a primary source of dollar revenue, experienced a 29% decline in arrivals compared to April last year, significantly affecting foreign exchange earnings. He explained that the ongoing global economic crisis adversely impacted demand for Sri Lankan exports, reducing foreign exchange inflows, while overseas worker remittances also sho...
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