Sri Lankan Rupee Depreciation Crisis

The Sri Lankan Rupee has continued to depreciate against the US Dollar, with exchange rates reaching Rs. 341 at commercial banks. The currency decline reflects ongoing economic pressures in the country.

At this rate, the Rupee's depreciation is so consistent you could set your watch to it—if you could afford a watch anymore. Rs. 341 today, Rs. 400 tomorrow, it's like watching a slow-motion car crash where the car keeps honking "everything's fine!" the whole way down.