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The moment of truth came, but we have been also late to respond. None of our bailout expectations materialised as well as the Worldwide financial architecture found it hard to preserve us.
Also, forced conversion guidelines were imposed on provider receipts. Some service workers and those Some others who used to convey these into the region and save them in foreign exchange accounts then held their cash overseas. Not like items exporters, support exporters have larger margins.
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The 2nd common evaluate to assess financial overall performance could be the Trade rate. A short while ago, with the appreciation with the LKR, there is a sentiment the economic system is recovering. Earlier, once the LKR was depreciating, the perception was the overall economy was not doing this very well.
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