Tag: sri lanka

  • Sri Lanka debts – country sends shock around the world

    Sri Lanka has defaulted on its foreign debts, thus sending a wave of shocks around the world. The country is even not able to pay for fuels imported. External economic factors and mismanagement is said to be the reason why the country has not been able to meet up with payments. It is the first…

  • Sri Lankan rupee now the world’s worst-performing currency

    Sri Lanka’s rupee has plummeted to a historic low, making it the world’s poorest-performing currency, adding to the country’s greatest economic crisis since independence in 1948. “After Rajapaksa ended emergency rule mere days after it was established, the Sri Lankan rupee hovered near Sri Lankan Rupee 302.04 per US dollar on Wednesday, trailing even Russia’s…

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