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Sri Lankan Rupee will stabilize with selling of harbour says CB Governor

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Activities on vesting a section of the Hambantota harbour to China would be undertaken within the next four to five months and the Sri Lankan Rupee would stabilize through the USD 01 billion earned through this, said Central Bank Governor Indrajit Coomaraswamy.

The Central Bank Governor added that the revenue thus earned would stabilize the Sri Lankan Rupee and also the domestic interest ratios.

Finance Minister Ravi Karunanayake recently announced that an 80 per cent stake of the Hambantota harbour is to be vested with China.


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