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LATEST NEWS UPDATES | Knee-Deep in Debt, Food Shortages, Depleting Foreign Reserves: How Did Sri Lanka Get Here? </title>
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A foreign exchange crunch in Sri Lanka has led to a shortage of essential goods and power cuts that last up to 13 hours a day.
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A foreign exchange crunch in Sri Lanka has led to a shortage of essential goods and power cuts that last up to 13 hours a day.
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<h1 class="cat-box-title">Knee-Deep in Debt, Food Shortages, Depleting Foreign Reserves: How Did Sri Lanka Get Here? </h1>
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<p style="text-align:justify">-TheWire.in</p><p style="text-align:justify"><em>A foreign exchange crunch in Sri Lanka has led to a shortage of essential goods and power cuts that last up to 13 hours a day.</em></p><p style="text-align:justify"><em>New Delhi: </em>Sri Lanka is grappling with the worst economic crisis in decades, which has spiked the prices of essential commodities like rice, milk powder, cooking gas and fuel.</p><p style="text-align:justify">For instance, one kilogram of basmati rice currently costs between Rs 300-800 as compared to around Rs 90-200 in India. While sugar costs around Rs 290, 400 grams of milk powder is selling for Rs 790. A cup of milk tea costs Rs 100 as compared to Rs 25 in October 2021.</p><p style="text-align:justify">News reports said that school exams were cancelled because Sri Lanka ran out of paper.</p><p style="text-align:justify">People have taken to the streets demanding Sri Lankan President Gotabaya Rajapaksa’s resignation for failing to address the worst economic crisis in the island nation.</p><p style="text-align:justify">With skyrocketing prices of essential goods, Sri Lankan Tamil refugees are crossing the sea and arriving in Tamil Nadu. According to news reports, an estimated 2,000 to 4,000 refugees may land in the southern state of India.</p><p style="text-align:justify">Please <a href="https://thewire.in/south-asia/knee-deep-in-debt-food-shortages-depleting-foreign-reserves-how-did-sri-lanka-get-here" title="https://thewire.in/south-asia/knee-deep-in-debt-food-shortages-depleting-foreign-reserves-how-did-sri-lanka-get-here">click here</a> to read more. <br /> </p>
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<br><a href="https://thewire.in/south-asia/knee-deep-in-debt-food-shortages-depleting-foreign-reserves-how-did-sri-lanka-get-here" class="re" target="_blank">TheWire.in, 1 April, 2022, https://thewire.in/south-asia/knee-deep-in-debt-food-shortages-depleting-foreign-reserves-how-did-sri-lanka-get-here</a><div class="clear"></div>
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<h1 class="cat-box-title">Knee-Deep in Debt, Food Shortages, Depleting Foreign Reserves: How Did Sri Lanka Get Here? </h1>
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<p style="text-align:justify">-TheWire.in</p><p style="text-align:justify"><em>A foreign exchange crunch in Sri Lanka has led to a shortage of essential goods and power cuts that last up to 13 hours a day.</em></p><p style="text-align:justify"><em>New Delhi: </em>Sri Lanka is grappling with the worst economic crisis in decades, which has spiked the prices of essential commodities like rice, milk powder, cooking gas and fuel.</p><p style="text-align:justify">For instance, one kilogram of basmati rice currently costs between Rs 300-800 as compared to around Rs 90-200 in India. While sugar costs around Rs 290, 400 grams of milk powder is selling for Rs 790. A cup of milk tea costs Rs 100 as compared to Rs 25 in October 2021.</p><p style="text-align:justify">News reports said that school exams were cancelled because Sri Lanka ran out of paper.</p><p style="text-align:justify">People have taken to the streets demanding Sri Lankan President Gotabaya Rajapaksa’s resignation for failing to address the worst economic crisis in the island nation.</p><p style="text-align:justify">With skyrocketing prices of essential goods, Sri Lankan Tamil refugees are crossing the sea and arriving in Tamil Nadu. According to news reports, an estimated 2,000 to 4,000 refugees may land in the southern state of India.</p><p style="text-align:justify">Please <a href="https://thewire.in/south-asia/knee-deep-in-debt-food-shortages-depleting-foreign-reserves-how-did-sri-lanka-get-here" title="https://thewire.in/south-asia/knee-deep-in-debt-food-shortages-depleting-foreign-reserves-how-did-sri-lanka-get-here">click here</a> to read more. <br /> </p>
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<h1 class="cat-box-title">Knee-Deep in Debt, Food Shortages, Depleting Foreign Reserves: How Did Sri Lanka Get Here? </h1>
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<p style="text-align:justify">-TheWire.in</p><p style="text-align:justify"><em>A foreign exchange crunch in Sri Lanka has led to a shortage of essential goods and power cuts that last up to 13 hours a day.</em></p><p style="text-align:justify"><em>New Delhi: </em>Sri Lanka is grappling with the worst economic crisis in decades, which has spiked the prices of essential commodities like rice, milk powder, cooking gas and fuel.</p><p style="text-align:justify">For instance, one kilogram of basmati rice currently costs between Rs 300-800 as compared to around Rs 90-200 in India. While sugar costs around Rs 290, 400 grams of milk powder is selling for Rs 790. A cup of milk tea costs Rs 100 as compared to Rs 25 in October 2021.</p><p style="text-align:justify">News reports said that school exams were cancelled because Sri Lanka ran out of paper.</p><p style="text-align:justify">People have taken to the streets demanding Sri Lankan President Gotabaya Rajapaksa’s resignation for failing to address the worst economic crisis in the island nation.</p><p style="text-align:justify">With skyrocketing prices of essential goods, Sri Lankan Tamil refugees are crossing the sea and arriving in Tamil Nadu. According to news reports, an estimated 2,000 to 4,000 refugees may land in the southern state of India.</p><p style="text-align:justify">Please <a href="https://thewire.in/south-asia/knee-deep-in-debt-food-shortages-depleting-foreign-reserves-how-did-sri-lanka-get-here" title="https://thewire.in/south-asia/knee-deep-in-debt-food-shortages-depleting-foreign-reserves-how-did-sri-lanka-get-here">click here</a> to read more. <br /> </p>
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LATEST NEWS UPDATES | Knee-Deep in Debt, Food Shortages, Depleting Foreign Reserves: How Did Sri Lanka Get Here?
Knee-Deep in Debt, Food Shortages, Depleting Foreign Reserves: How Did Sri Lanka Get Here?
Published on Apr 1, 2022
Modified on Apr 7, 2022
-TheWire.in
A foreign exchange crunch in Sri Lanka has led to a shortage of essential goods and power cuts that last up to 13 hours a day.
New Delhi: Sri Lanka is grappling with the worst economic crisis in decades, which has spiked the prices of essential commodities like rice, milk powder, cooking gas and fuel.
For instance, one kilogram of basmati rice currently costs between Rs 300-800 as compared to around Rs 90-200 in India. While sugar costs around Rs 290, 400 grams of milk powder is selling for Rs 790. A cup of milk tea costs Rs 100 as compared to Rs 25 in October 2021.
News reports said that school exams were cancelled because Sri Lanka ran out of paper.
People have taken to the streets demanding Sri Lankan President Gotabaya Rajapaksa’s resignation for failing to address the worst economic crisis in the island nation.
With skyrocketing prices of essential goods, Sri Lankan Tamil refugees are crossing the sea and arriving in Tamil Nadu. According to news reports, an estimated 2,000 to 4,000 refugees may land in the southern state of India.
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