Home Sri Lanka On The Verge Of A Foreign Exchange Crisis Mahinda Rajapaksa and his group were critical of the UNF government over the steady downfall of the rupee against the dollar, claiming they had the formula to stop the slide. However, it is a month since President Sirisena appointed Rajapaksa Prime Minister. But the dollar keeps rising at a faster rate.

Mahinda Rajapaksa and his group were critical of the UNF government over the steady downfall of the rupee against the dollar, claiming they had the formula to stop the slide. However, it is a month since President Sirisena appointed Rajapaksa Prime Minister. But the dollar keeps rising at a faster rate.

Debt-funded infrastructure projects since 2009 helped the construction industry. But it will be payback time in the coming four years and with the country’s economy in the doldrums repaying the debts will not be easy.

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