Economic Crisis and Currency Depreciation
Discussion of Sri Lanka's economic challenges including currency depreciation against the US Dollar and IMF reform commitments. Posts cover the rupee's weakening value and international monetary assessments.
The Rupee's dropping faster than my will to check my bank account, and the IMF's over here conducting "reform assessments" like they're inspecting a restaurant kitchen—except the food's already on fire and we're just deciding what plate to serve it on.
An International Monetary Fund (IMF) mission has visited the Sri Lanka Customs Department to assess the progress made on key reform commitments under the country’s IMF-supported programme. The visit focused on evaluating the implementation of customs reforms aimed at improving https://t.co/e45BWdYdzz
The Sri Lankan Rupee has depreciated further against the US Dollar across commercial banks in Sri Lanka today (25), compared to Wednesday, with the selling rate increasing to Rs. 341. D: https://t.co/7GNCaESakv https://t.co/AYxAUQtuCP