Apr 04, Colombo: Sri Lanka’s Leader of the Opposition Sajith Premadasa says the present government cannot control the rupee and the country and the economy is being dragged into a serious abyss through increasing money supply.
Speaking during the Opposition Leader’s mobile service program in Hambantota, MP Premadasa noted the government has not been able to deal with the continuing depreciation of the Sri Lankan rupee against the US dollar.
He said in March alone the government printed Rs. 40 billion money and asked where that money is gone as no relief has been given to the public.
Opposition Leader Sajith Premadasa said the situation in the country could be understood by the depreciating rupee against the US dollar and the country is gradually being taken towards the state of Zimbabwe not to Saubagya as promised.
He pointed out that when the value of the rupee depreciated to a certain extent during the tenure of the good governance government, Minister Bandula Gunawardena held media briefings daily to comment on the shortcomings of the government.