As foreign reserves slip, Sri Lanka to devalue currency - Al Jazeera English

3/8/2022 12:00:00 AM3 years 2 months ago
by Al Jazeera
by Al Jazeera
The move comes as the country grapples with a spiralling economic crisis and accelerating inflation.
Sri Lanka is effectively devaluing its currency as its foreign reserves dwindle, potentially accelerating the worst inflation surge in Asia as the nation struggles to service its debt and pay for imp… [+3641 chars]
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