Explained | What caused the Sri Lankan economic crisis?
The Hindu
Among other factors, the tourism industry has been hit hard by the COVID-19 pandemic, leading to a dip in foreign exchange.
The story so far: Sri Lanka’s government last week amid rising food prices, a depreciating currency, and rapidly depleting forex reserves. President Gotabaya Rajapaksa has called in the army to manage the crisis by rationing the supply of various essential goods. A number of factors have led to the current economic crisis in Sri Lanka.
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