Sri Lanka exporter forum on flexible exchange rate

Feb 20, 2012 (LBO) - Exporters Association of Sri Lanka (EASL) will be hosting a forum on flexible exchange rates on February 28, after the Central Bank stopped large scale defence of a currency peg earlier in the month. "The Forum aims to assist Exporters understand the impact of the changeover to Flexible Exchange Rates from the stable regime which was in place during the last few years," the Ceylon Chamber of Commerce, of which EASL is a member body, said in a statement.

"The discussions will undoubtedly be of value to all stakeholders involved in exports seeking to capitalize on the opportunities and address the challenges as a result of the new exchange rate policy.

"Ancillary and connected issues such as Interest Rate and the anticipated general increase in price levels will also be addressed."

Economists W. A. Wijewardena, Indrajith Coomaraswamy, Anila Dias Bandaranaike and Deshal De Mel will address the forum

"Exporters have, for a very long time lobbied to have a ‘realistic exchange rate’ but the introduction of the new policy has compelled the community to change their strategies," the EASL statement said.

"It is anticipated that this event will help unravel (some if not all) the i