Serious economic crisis in Sri Lanka, food prices skyrocket

Colombo: Sri Lanka is experiencing its worst economic crisis, as its currency devalued by 46% against the US Dollar in just the last month. The dollar exchange rate, in just the last month, has gone from 201 Srilankan rupees to 295 Sri Lankan rupees. A major reason for the crisis is a critical lack of foreign currency, which has left the island nation unable to … Continue reading Serious economic crisis in Sri Lanka, food prices skyrocket