Saturday, November 26, 2022

Sri Lanka has no money for oil

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The country no longer has any foreign currency to pay for oil imports, said the new Prime Minister Ranil Wickremesinghe in a speech to the population on Monday. “We only have supplies for one day.”

The head of government prepared the population for further hardships in the coming months. Sri Lanka, with its 22 million inhabitants, is in the middle of the worst economic crisis since independence from Great Britain in 1948. A major trigger of the crisis was the slump in international tourism as a result of the corona pandemic. The previous government was also accused of mismanagement.

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