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The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
The Sri Lankan Rupee ( Sinhala: රුපියල්, Tamil: ரூபாய்; symbol: රු (plural) in English, රු in Sinhala, ௹ in Tamil; ISO code: LKR) is the currency of Sri Lanka. It is subdivided into 100 cents ( Sinhala: සත, Tamil: சதம் ), but cents are rarely seen in circulation due to its low value. It is issued ...
This is the list of countries by government budget. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. The following tables show the governmental budget balance, in millions of US dollars or millions of local currency units (LCU, the most commonly used in the country) and as ...
1. 38 %. 2015. Indonesia. Established by provincial and district authorities, which vary by province, district, and sector; the lowest minimum wage is in the province of Yogyakarta at Rp 1,704,608 (US$121) per month and the highest is in Jakarta at Rp 4,276,349 (US$303) per month.
COLOMBO, Sri Lanka (AP) — The International Monetary Fund executive board approved the release of the second tranche of a $2.9 billion dollar bailout package to help Sri Lanka recover from the ...
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector.
Sri Lanka has seen external instability from around late 2014 suffering two currency crises and low growth with the rupee falling from 131 to 182 to the US dollar by 2018. Foreign debt rose from 30% of gross domestic product in 2014 to 41.3% in 2019 while total debt went up from 76% to 86% as growth slowed amid [7] Sovereign bond borrowings ...
Countries by median wealth ( US dollars) per adult. From 2021 publication of Credit Suisse. This is a list of countries of the world by wealth per adult or household, from sources such as UBS 's annual Global Wealth Databook [1] and the OECD 's Better Life Index. [2] Wealth includes both financial and non-financial assets.
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