|
|
|
 |
 |
 |
| Monday, 1 March 2004 |
 |
|
 |
News | |
| News Business Features Editorial Security Politics World Letters Sports Obituaries
|
The UNF Government has succeeded in reducing the rate of inflation from 5.2 last January to 4.4 by the end of February, in spite of a grave political crisis, said a media release by the Government Spokesman's Office yesterday. The media release said that in February 2003 the rate of inflation was 10.2 and when the present regime took over the reins in December 2001 the rate of inflation was 14.5. It further said that in December 2002 the Official Foreign Reserve stood at USD 1700 million equivalent to Rs.170,000 million which increased to USD 2330 million equivalent to Rs.233,000 million by December 2003. These statistics are indicative of the UNF government's victory of a correct economic management and a strict financial discipline which have enabled the country to reserve adequate foreign exchange to meet the import demands during the ensuing six months stated the media release of the Government Spokesman's Office yesterday. |
|
News | Business | Features
| Editorial | Security
Produced by Lake House |
