Why should the country pay for politicians mistake? How long do you want to stay in this debt cycle? Country need strong leadership to get out of this mess.Countries using this currency: Sri lanka,
#USD TO SRI LANKAN RUPEE FREE#
Sri Lanka will never be debt free if have to pay $600 million in interest every month. When the debt gets unbearable and no way out, not paying the debt going to bankruptcy is the only way to go as said by Warren Buffet. USD to LKR live exchange rate 332.74 LKR 1 USD 0. You cannot go to jail for not paying debt. Burden is on the lender to ensure repayment capacity before lending.
What are they going to do? Invade us? Technically, there should be a bankruptcy laws for countries to wipe its debt when they cannot pay similar to personal and corporate bankruptcy laws in US. They cannot issue binging resolutions like UN Security Council. There is no recourse in international law to force a country to pay its debt. We pay roughly $600 million every month in interest. 2 From money saved every month by not paying interest. Once we build enough reserve to match the total rupees in circulation from money saved by not paying interest, we should hard peg our currency to USD making our economy clone of US economy Which is why they will turn these debts into grants in 10-15yrs. Longer we owe them money, longer those politicians look like fools to their public for lending us money. Will get free stuff like medicine as long as we are in default. Rates : Sri Lanka Rupees per 1 unit of Foreign currency as at. How are you going to pay 50 billion dollars in debt with a 4 billion IMF loan? Is your own company ramping up production to increase the size of country GDP? We will do fine as a country in default than a country carrying 50 billion in debt. All selling rates applicable for USD 1,000/- or equivalent in other currencies only. Only thing IMF loan will do is put us in another debt cycle.
Find currency & selling price and other forex information. World doesn't operate on your university wisdom We are doing ok now without the IMF loan. Updated spot exchange rate of SRI LANKAN RUPEE (LKR) against the US dollar index. Its foolish to get IMF loanįeroze - You must be a western minded person like Ranil to grab the IMF loan from your western masters without thinking about the consequences. Only thing other countries can do is not give us any more loans which we don't need and cannot seize our assets like a bank. Todays Best US Dollars to Sri Lankan Rupee Exchange Rate to Sri Lanka Placid Express Exchange Rate. This a once in a lifetime opportunity wipe our debts if we don't get the IMF loan let the country stay in default for few more years until they erase our debts. Latest Currency Exchange Rates: 1 US Dollar 320.0081 Sri Lankan Rupee Currency Converter Exchange Rate History For Converting Dollars (USD) to Sri Lankan. We save millions of dollars every month by not paying debts which we can use to build our own reserves. Ranils IMF loan will only restart the debt payment cycle. Wait 10 years and all these countries will convert these debts to grants when they become unrecoverable and we will immerge debt free. Tell me how the dollar came down? Its best that we don't get any loans from IMF at all. Money we are getting from IMF is another loan to pay previous loans. Looking for a different currency Visiting a country outside of Sri Lanka Theres a good chance we can help, we sell over 40 currencies from Australian Dollars. Our true reserves are only 100 million at most. Select currency & date Date Or Learn about our API Currency Table: LKR Sri Lankan Rupee All figures are mid-market rates, which are not available to consumers and are for informational purposes only. 0 LKR 1 United States dollar 0 Sri Lankan. Other 500 belongs to India we only use essential item imports from India. For commercial purposes, get an automated currency feed through the XE Currency Data API. United States dollar to Sri Lankan rupee (USD to LKR) Quickly and easily calculate foreign exchange rates with this free currency converter. Our reserves are only 2.1 billion out of which 1.5 billion is credit swap from China we cant use for imports. USDLKR FX Cross Rate - compare foreign exchange rates FT.com Currencies US Dollar/Sri Lanka Rupee FX Spot Rate + Add to watchlist USDLKR Actions Price (LKR) 319.00 Todays Change 0.00 /.
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