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Mothball Central Bank and install a currency board – Steve Hanke

December 5, 2022
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Mothball Central Bank and install a currency board – Steve Hanke

Steve Hanke, a professor of applied economics at the Johns Hopkins University in Baltimore, Maryland, said in a recent tweet that Sri Lanka needed to install a currency board and deactivate the central bank.

He is also a senior fellow and director of the Troubled Currencies Project at the libertarian Cato Institute in Washington, DC and co-director of the Johns Hopkins University’s Institute for Applied Economics, Global Health, and the Study of Business Enterprise in Baltimore, Maryland.

#SriLanka's economic death spiral just keeps spinning. Since Jan 2022, the rupee has depreciated against the USD by 50%. To stabilize the rupee, LKA needs to mothball the Central Bank and install a #CurrencyBoard. pic.twitter.com/zVIM5O2dZw

— Steve Hanke (@steve_hanke) December 2, 2022
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