The Central Bank of Sri Lanka stated that the Sri Lankan Rupee has overvalued against the US Dollar by 18.7% in the period up to May 19, 2023, and that the Sri Lankan Rupee has overvalued against several other major currencies during this period. are reported.
Accordingly, it is stated that the Sri Lankan Rupee has overvalued by 15.4% compared to the Sterling Pound, 24.1% compared to the Yen, 18.7% compared to the Indian Rupee, and 17.5% compared to the Euro during this period.