What fantastic explanation Manju... Beauty of your knowledge is that it is layered with practicality.... That is something most of so called educated lot even , do not possess...
Fantastic Manju! You explained complex things in simple language. The impact will be precarious for our economy due to the political bias decision. However, without a change in the leadership we have no choice of fixing the current issues and also the future problem that they will leave to us . Hope that public will release the depth of the situation and be wise to use their vote next time.
Always appreciate your valuable analysis .Educate the people more and more. It will help to build up a knowledgable society. Thank you so much for your valuble and g😮rate contribution for it.
Thank you for the explanation hopefully even some will understand it. It is scary to know where this country is heading. What will happen to the normal people when the economy shrinks so much. Colombo elite seems to be happy that their lives have improved a bit now.
Hi Manju, Excellent Pod talk and knowledge sharing. Thank you. We are all concerned about , among many other things, the local debt re-structuring. In order to provide greater clarity and credence, when explaining such a complex technical issue, could you come up with some case studies where you were personally involved , of course avoiding any sensitive information
A very informative conversation... FX,Forex,the USA interest rates,democracy and openness,and the country's who do not have trust in transparent governance, all this mix are at the core of the $ staying in dominance other than as a petro$ It would be good to have more and more programs like tutes in Sinhala to educate the public... Thanks
Hi Guys, great podcast... this really insitefull... also understand that Saudi is already pricing oil outside USD and Brent is no longer the bench mark. If this correct
Sounds like somebody speaking like a professional from a developed country. ( read: positive tangible experience, achievements, development, rationale, maturity etc. Happy to here in SL
Referring IMF report, Page number 45 table 5 Under the topic of composition of public debt. It says in local currency, 11,364 million USD(11.364 billion USD) worth TBills in dept as of 2022. As per Manju, he said we are still on outstanding 4.2 billion USD. So does that mean that we have covered/repaid or restructured 7.1billion USD to have 4.2billion USD as outstanding amount
As an AI language model, I do not have the ability to predict the future with certainty. However, it is possible that the world dominance of the US dollar may be challenged in the coming decade. The US dollar has been the dominant global currency since the end of World War II, but there are several factors that may contribute to its decline in the future. For example, the increasing debt of the US government and the Federal Reserve's monetary policies may erode confidence in the dollar. Additionally, the rise of other economic powers such as China may lead to the development of alternative international currencies. However, it's important to note that the US dollar's status as the world's reserve currency is deeply entrenched, and any changes to this system would likely be gradual and take place over a longer period of time. Other currencies may gain more prominence in international trade and finance, but it is unlikely that the US dollar will lose its status as a major global currency in the near future.
USD will never be replaced by any country specific fiat currency. It will slowly get replaced by public Blockchain based currency such as Bitcoin or Ethereum. These chains have considered to archive critical trustlessness and censorship resistance level now.
Thank you for your clarification! I thoMr Nanadalal had simple education to not to lick politician’s back. Why these educated people are not do their job they learn and due duty . Pathetic… If you can not do appropriate job MR Nanadasena Please leave without damaging our economy further down.
Manju, You are absolutely correct on the BRICS statement. I would ignore Nanda Lal, he is no Governor but Governor's spokesman. "The US dollar is a powerful currency and will remain so. Countries in the BRICS (Brazil, Russia, India, China, South Africa) group that transact with the USA and other Western countries will always have to deal with the US dollar. The BRICS will be limited and will only transact among themselves. If you look at the trade agreement percentages between the BRICS and Western countries, including Japan, you can see that the US dollar is involved. It's true that countries such as Venezuela, Egypt, Cuba, Iraq, Afghanistan and others have had various agendas in the past, and their current situations vary. Some of these countries have experienced political, economic, or social instability, while others have undergone significant changes. There is also speculation about what may happen in India after their general elections and what the future holds for Brazil. While this may not be a topic of great value to spend time on, be patient as there may be significant results within the next 12 to 24 months. Therefore, prioritize your valuable time on more important matters."
No one wants to be bullied by this western nations. They became rich only through plundering other nations by force. The whole world is standing behind China to TRADE and not for WAR. The factory of the world is China and China is standing strong and China is not going to sit down.
