Depletion of foreign reserves discussed in parliament

Depletion of foreign reserves discussed in parliament

Depletion of foreign reserves discussed in parliament

Written by Tharushan Fernando

26 Feb, 2016 | 8:57 pm

The depletion of foreign reserves was a topic of discussion in parliament.

UPFA MP, Udaya Gammanpila stated that if foreign investments are not arriving,  foreign sales being higher than the foreign buying in the share market in 2015 are reasons for the decline in the reserves.

The UPFA MP also charged that the reason for the drop in foreign reserves was foreign sales being higher than the foreign buying in the Share Market in 2015

Deputy Minister, Niroshan Perera, in reply, stated that debts have to be paid now and that there is a 0.4 billion decline – and that is due to various reasons.

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