Posted inSri Lanka

Sri Lanka admits forex crisis ‘dangerous’

Sri Lanka’s finance minister said Tuesday the island faces a “dangerous foreign exchange crisis” but the government denied it would seek an international bailout. Basil Rajapaksa, 70, the youngest brother of President Gotabaya Rajapaksa, said state coffers had also suffered huge revenue losses in the Covid-19 pandemic. The president declared a state of emergency last […]