2 ms·
> In summary, Sri Lanka has been facing an economic crisis and is struggling to pay for imports with rising exchange rates. One of the effects of this has been
by baybal2 5y ago
> In summary, Sri Lanka has been facing an economic crisis and is struggling to pay for imports with rising exchange rates. One of the effects of this has been a push to reduce dependence on foreign imports across many sectors — including fertilizer.
I was following it as well, but still got dragged into off-topic.
The root cause was the current Marxist government committing a complete fiscal suicide, and then trying ham-fistedly to ban people from spending their Dollars under every silly pretext.
Sri Lanka is a DEEEPLY DEEEPLY indebted nation after two previous governments, the current opposition's one, and previous incumbent's government maxed out country's credit card to buy votes, and draw fictional economic growth from debt.
P.S. And ironically, the complete economically inane political leadership will now smash Lanka's FX account even more by destroying the few of country's export items.