Try our "Help Me AI"
Page 2 of 2 FirstFirst 12
Results 11 to 16 of 16

Thread: How do you Sri Lanka in the last 5 years?

  1. #11
    Status
    Offline
    subasan's Avatar
    Reputed Member
    Join Date
    Aug 2018
    Location
    Colombo
    Posts
    443
       Rep Power
    16
    Quote Originally Posted by Moana View Post
    The country's currency is determined by the export and import level . If the money supply is increased them srilanka will definitely fall for the victim of inflation . So the government reducing the currency is something that is needed to he done in benefit of the country.
    True that. You have a good understanding. The issuance of currency notes should be reduced by the Government. The higher value currency notes should also be eradicated.

  2. #12
    Status
    Offline
    Moana's Avatar
    Reputed Member
    Join Date
    May 2018
    Location
    Vavuniya Srilanka
    Posts
    1,569
    Blog Entries
    5
       Rep Power
    17
    Quote Originally Posted by subasan View Post
    True that. You have a good understanding. The issuance of currency notes should be reduced by the Government. The higher value currency notes should also be eradicated.
    But devaluating a country's currency or decreasing a country's money supply could result in a serious issue to a country's interest rates. What do you think of this?
    Your Last Mistake Is Your Best Teacher

  3. #13
    Status
    Offline
    subasan's Avatar
    Reputed Member
    Join Date
    Aug 2018
    Location
    Colombo
    Posts
    443
       Rep Power
    16
    Quote Originally Posted by Moana View Post
    But devaluating a country's currency or decreasing a country's money supply could result in a serious issue to a country's interest rates. What do you think of this?
    This is not an immediate process. I meant only the higher currency rates. For ex, if can buy a lot more things in Rs.1000, there is no need for Rs.5000 note. When there is a demand for your currency notes, that's when your economy is stable. The Government should think about their countries needs and growth, not their own. If the Government can plan something right in the next 5 years, they can execute in another 15 years. But with the current Government what more can you think of? :/

  4. #14
    Status
    Offline
    Moana's Avatar
    Reputed Member
    Join Date
    May 2018
    Location
    Vavuniya Srilanka
    Posts
    1,569
    Blog Entries
    5
       Rep Power
    17
    Quote Originally Posted by subasan View Post
    This is not an immediate process. I meant only the higher currency rates. For ex, if can buy a lot more things in Rs.1000, there is no need for Rs.5000 note. When there is a demand for your currency notes, that's when your economy is stable. The Government should think about their countries needs and growth, not their own. If the Government can plan something right in the next 5 years, they can execute in another 15 years. But with the current Government what more can you think of? :/
    This makes sense, this has to be taken into serious consideration.
    Your Last Mistake Is Your Best Teacher

  5. #15
    Status
    Offline
    Bhavya's Avatar
    Administrator
    Join Date
    Apr 2018
    Location
    Vavuniya, Srilanka
    Posts
    7,687
    Blog Entries
    50
       Rep Power
    60
    Quote Originally Posted by Shana View Post
    The gap is still there. It hasn't reduced. As rich people get richer, somehow poor will stay poor. it is how it has been all these time, and if it has to change, then we need a major political changeover.
    Exactly Shana, the gap between rich and poor still there as you said rich getting richer and poor stay poor without any major improvements. Yeah to change this we need a strong political changeover in our country. Let's hope for the best for our nation!
    You're not going to master the rest of your life in one day. Don't stress. Master the day. Make this a daily reminder.

  6. #16
    Status
    Offline
    Bhavya's Avatar
    Administrator
    Join Date
    Apr 2018
    Location
    Vavuniya, Srilanka
    Posts
    7,687
    Blog Entries
    50
       Rep Power
    60
    Quote Originally Posted by subasan View Post
    I agree with your point regarding developments and sufferings. I wish to add that these developments have helped the poor also in some ways ex, mobile phones, internet to help communicate. But I still stand with my point that the gap has reduced comparing before as the rich can be reached or questioned now easily comparing earlier.
    May as you said nowadays we can reach the rich and question them, but do we get the solutions for our questions? when we get the answers for our raised questions then only the gap between rich and poor will get reduce.
    You're not going to master the rest of your life in one day. Don't stress. Master the day. Make this a daily reminder.

Page 2 of 2 FirstFirst 12

Similar Threads

  1. What do you wish you spent more time doing five years ago?
    By Bhavya in forum General Discussion
    Replies: 0
    Last Post: 10-30-2019, 01:15 PM
  2. Where is Sri Lanka heading in the next 10 years?
    By Bhavya in forum General Discussion
    Replies: 0
    Last Post: 10-07-2019, 12:42 PM
  3. Replies: 1
    Last Post: 03-06-2019, 06:04 PM
  4. Tech companies that took over our lives in last years
    By Adiza in forum Trending Tech News Updates
    Replies: 1
    Last Post: 08-12-2018, 11:33 PM
  5. Replies: 0
    Last Post: 06-21-2018, 12:38 PM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Who We Are

The Hub Sri Lanka is an online community portal for all the Sri Lankan digital Citizen's to enthusiastically learn and connect with the society by enormously increasing their knowledge and careers through an extensive collaborative marketplace.

Join us
RSS RSS 2.0 XML MAP HTML