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Sri Lankans living in Australia are refraining from sending desperately-needed funds to struggling friends and family back home, fearing money will never end up in the hands of those in need because the government will steal it. Multiple members of the Sri Lankan community contacted by NCA NewsWire have lost trust in the government to […]
Last week’s My View talked about six popular fallacies of currency or exchange rate appreciation which both the authorities and the public have tended to harbour in themselves. Of them, the following three were discussed in detail: Fallacy One: The government can fix the external value of a currency at any level it wishes. Fallacy ...
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