Correction of the external value of the rupee: Much more to be done to sustain its new value

The official view: The problem is over now

Treasury Secretary Dr. P.B. Jayasundera is reported to have said at a media briefing last Thursday that Sri Lanka had had an external shock ballooning its trade deficit to nearly $ 10 billion in 2011, the resultant market imbalance has now been cleared at the new exchange ...