Sharjah24 – AFP: The Sri Lankan rupee fell sharply against the dollar Thursday, after the country's central bank ordered a 15 percent depreciation in a bid to stave off a looming economic collapse sparked by a shortage of foreign currency.
The country's worst economic crisis since independence has led to fuel and electricity rationing across the South Asian nation of 22 million, crippling public transport and causing long queues for food and medicine.
The coronavirus pandemic battered the island's tourism sector, a key foreign currency earner, sparking fears the country may not be able to repay its $51 billion foreign debt.
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