Posts
...The Sri Lankan rupee has remained artificially suppressed against the dollar while agricultural commodity prices have been steadily rising in dollar terms. This makes food more expensive to locals in Sri Lanka.
To give you an example, prices for staple food items like coconuts have risen by 30% in the last two months, sparking calls by the left-leaning government to control prices and regulate consumer behavior.
We all know that these sorts of policies never end well...
More on the U.S. dollar:
The first signs of a dollar crash are showing up here
The most terrifying thing the U.S. government has said this year
Legendary advisor Jim Grant: The world is abandoning the U.S. dollar
No comments:
Post a Comment