Telephone dealers’ association promises 20 % reduction in mobile phone prices

The Sri Lanka Telephone Dealers’ Association on Saturday announced a 20 percent reduction in the prices of mobile phones.The Association’s President Samith Senarath said the decision had been taken due to the appreciation of the Sri Lankan rupee against the US dollar.

Senarath said that there had been a 40 percent decline in mobile phone purchases over the past six months due to high prices due to the appreciation of the US dollar.

He said the rupee had rallied against the dollar for several months and the time had come to pass the benefit on to their customers.

According to the 2022 annual report released by the Central Bank of Sri Lanka, there are close to 30 million mobile phones being used in the country, which is more than the population of the country.