Sri Lankans in Deep Trouble..! Worst Economic Crisis..!?

Sowmiya Sriram
Sri Lankans in Deep Trouble..! Worst Economic Crisis..!?

Sri Lanka, which until a decade ago was in a sea of tears due to the (war) war, is now in debt due to the (economic) war. Due to the severe economic crisis in sri lanka, the prices of all essential commodities, including milk and rice, have risen to an all-time high. There is also a shortage of fuel, including petrol and diesel. As a result, more than 90 percent of restaurants are closed. In sri lanka, a kilo of rice is currently sold for 448 Sri Lankan rupees. sugar is priced at Rs 280 per kg. A pound of gold sells for Rs 1.41 lakh. The price of a cylinder has increased to 2,675 rupees. As a result, middle-class families along with marginalized people are most affected.
The country, including the capital Colombo, has been plunged into darkness for hours. With the demand for electricity rising in the summer, people fear that the power outage time will increase even more. The Sri Lankan Department of education has indefinitely postponed the exams scheduled to be written by about 45 lakh students as they could not import enough paper and printing ink due to the declining foreign exchange reserves.
In many parts of the country, people have been waiting a long time for food and fuel. Affected people besiege the Chancellery and hold protests. Due to the conflict over petrol stocks, soldiers have been deployed on duty. It was also reported that 3 elderly people who were standing in line to buy fuel were killed due to the cruelty of the sun. Many tamil people who could not bear the cost of killing are fleeing to tamil Nadu as refugees. It is said that up to 4 thousand Tamils   can come to tamil Nadu from Sri Lanka.
Sri Lanka continuously borrowing from china for many years. In 2022 alone, about 58 trillion Sri Lankan rupees will be repaid to China. In this context, on march 17, the government of india extended a loan of $ 100 billion (Rs. 7,500 crore) to Sri Lanka.
An international law firm is to be appointed to deal with the economic crisis and it is planned to adjust the financial position as per its guidance. sri lanka has been seeking China's assistance since last December, but no information has been released on China's position.
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