The Government of Sri Lanka decided to float the Rupee in January 2001.Among the following (A-E) there are two reasons that contributed to this decision.
A – To make imported goods cheaper.
B – To create an atmosphere conductive to foreign direct investment.
C – To reduce the cost of living.
D – To keep the exchange rate of the Sri Lankan Rupee with the US Dollar at a fixed level.
E – To make local industries more competitive internationally.
Select the answer that includes the two correct reasons.