Commentaries by Dr. Thamil Ananthavinayagan

AntanO, CC BY-SA 4.0, via Wikimedia Commons

These days, the Sri Lankan rupee has fallen by almost 45 percent compared to the US dollar. Its foreign exchange reserves are nearly dry, having dropped below $1 billion. Meanwhile, the island nation has to repay debts of about $4 billion in the rest of this year, including a $1 billion international sovereign bond that [...]