US dollars returning to market at snail’s pace By Duruthu Edirimuni Chandrasekera View(s): View(s):Artificially managing the currency will not mark the return of dollar export earnings, exporters say. A free float would redirect export earnings to the host nation. The exporter categorically stated that his company will not be bringing proceeds to Sri Lanka if the exchange rate is at Rs.203. “If the US dollar exchange rate is at Rs. “With the managed exchange rate, we do not see the point in converting or bringing back our dollars,” a second exporter said.

Source: Sunday Times October 10, 2021 00:22 UTC