Issuing a statement, State Minister for Finance, Ranjith Siyambalapitiya reassured the public about the increasing value of the dollar, adding that there is no immediate cause for alarm.

speaking to the media, Minister Siyambalapitiya emphasized that the price of the dollar is determined by the basic principles of supply and demand. He highlighted that as imports rise, there will be an expected increase in demand for the dollar.

Moreover, Minister Siyambalapitiya informed that the Central Bank has already purchased three billion dollars. He emphasized the significance of this measure, explaining that if such actions were not taken, the value of the dollar would have declined further.

As the country continues to monitor the dynamics of the global currency market, Minister Siyambalapitiya's assurances aim to instill confidence among citizens and stakeholders alike.