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View Full Version : Sri Lanka to Devalue Rupee By 3%, Plans Tax Cuts to Spur Growth - Bloomberg



NewsWhore
11-21-2011, 01:50 PM
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Sri Lanka to Devalue Rupee By 3%, Plans Tax Cuts to Spur Growth (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFBqKrvlon16_rZ2qEtgipVjExSHg&url=http://www.bloomberg.com/news/2011-11-21/sri-lanka-to-devalue-rupee-by-3-plans-tax-cuts-to-spur-growth.html)
Bloomberg
Besides the strengthening currency, local exporters also have had to face the loss of trade privileges previously offered by Europe. The European Union in August 2010 withdrew tariff concessions for Sri Lankan goods due to alleged human rights ...

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