Jul 21, 2008

Common currency to use within SAARC region

Srilankan Foreign minister Mr. Rohitha bogollagama says that it's important to highlight the need for a common currency to use within the SAARC region (south asia).
Currently all transactions within soth asia are done via the 'American Dollar exchange center' and it's an additional cost to our business operations.
Srilanka President Mr. Mahinda Rajapaksha has also emphasized the need for a common currency,
bogollagama said during a press meeting July 20, Colombo.

2008 SAARC summit is to be held in Sri Lanka 27 July - 3 August 2008 under the theme 'Partnerships for Our People'.
The council is scheduled to be held on 31 July and 1 August in Colombo between the Foreign Ministers of the member countries.

Other topics to be discussed at the summit, prominence will be given to the Combating Terrorism, Climate Change, Food Crisis, and Poverty Alleviation.

Seven observer nations including the European Union, United States, Japan, South Korea, Mauritius and Iran will also be present at the council. Inline with the summit, other events such as a cultural festival, a film festival, a trade fair, a fashion show, a food exhibition, and other events are also being organized in this week.

Sri Lanka of spending nearly three billion rupees on the SAARC summit in times of economic hardship.


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