Sri Lankan president says rupee float was timely

President Chandrika Kumaratunga said on Jan 28, 2001, the flotation of the Sri Lankan rupee helped avert a possible economic crisis and added there would be an intervention if the currency fell too steeply. Speaking on a Sinhalese-language television programme, Kumaratunga, who is also finance minister, praised the floating of the rupee earlier this week, saying the timing was right. "If reserves fell a little more, and we delayed the float, then we would have had an economic crisis on our hands

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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