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Sri Lanka , Friday 17 April 2026

Cash-strapped Sri Lanka appeals to expats to send money

Published on: Thursday 03 February 2022

Cash-strapped Sri Lanka appeals to expats to send money COLOMBO, Sri Lanka (AP) — Sri Lanka celebrated its Independence Day on Friday with an appeal by the president to the country’s expatriates to send money home as it struggles with the worst economic crisis in decades mainly due to depleted foreign reserves. Sri Lankans are facing shortages of milk powder, cooking gas, kerosene and other essentials. Cash shortages have hindered imports of raw materials for manufacturing and worsened inflation, which surged to 12.1% in December. The pandemic has de


News source: https://ca.finance.yahoo.com/news/cash-strapped-sri-lanka-appeals-105426413.html

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