The Srilankan Crisis – What’s Happening
Sri Lanka, the Pearl of the Indian Ocean, is currently indulged in an Economic Crisis worse than ever. The Economic Mismanagement by the Sri Lankan government has caused the country to face severe consequences. Sri Lanka Economic Crisis.
The Inflation rate has risen to 18.7%, and the value of the Srilankan rupee has depreciated by 30% against US Dollar. The Exchange rate is at its all-time high, trading 1 US dollar for 310 Sri Lankan rupees making it the World’s poorest performing currency. People face a deficiency of essential utilities such as Food, Fuel, and Gas. Hospitals are suspending routine surgeries due to a lack of drugs. Many People are even escaping to India due to Sri Lanka’s worsening condition. The price of daily necessities has skyrocketed. According to the Department o...