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The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
The mixed economy of Sri Lanka was worth $84 billion by nominal gross domestic product (GDP) in 2019 [25] and $296.959 billion by purchasing power parity (PPP). [26] The country had experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers.
Method. CPI. Exchange rate to US$1 since 1973. The Sri Lankan Rupee ( Sinhala: රුපියල්, Tamil: ரூபாய்; symbol: Re and Rs (plural) in English, රු in Sinhala, ௹ in Tamil; ISO code: LKR) is the currency of Sri Lanka. It is subdivided into 100 cents ( Sinhala: සත, Tamil: சதம் ), but cents are rarely seen ...
COLOMBO (Reuters) -Sri Lanka is asking international bond holders to take a 30% haircut and is seeking similar concessions from investors in its domestic dollar-denominated notes as it seeks to ...
The Central Bank of Sri Lanka reduced its interest rates Thursday for the first time since the island nation declared bankruptcy, after stern fiscal controls, improved foreign currency income and ...
The Sri Lankan government has been successful in reducing poverty from 15.2% on 2006 to 8.9% in 2010, urban poverty was reduced from 6.7 to 5.3% while rural poverty was reduced from 15.7 to 9.5%, and the nation has made significant progress towards achieving Millennium Development Goals on eradicating extreme poverty and hunger.
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