The President’s Media Division (PMD) said that according to the Bloomberg market the first quarter of 2024, Sri Lanka’s Rupee (LKR) has emerged as the top-performing currency among emerging markets, boasting a remarkable spot return of over 7%.
The currency has gained against the U.S. dollar during recent weeks with the indicative rate of the U.S. dollar against the Sri Lankan rupee reaching the 300 rupee level earlier this month for the first time since June 13 last year, according to data from the Central Bank of Sri Lanka.
