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The Independent UK
The Independent UK
National
Via AP news wire

Cash-strapped Sri Lanka appeals to expats to send money

Copyright 2022 The Associated Press. All rights reserved

Sri Lanka celebrated its Independence Day on Friday with an appeal by the president to the country’s expatriates to send money home as it struggles with the worst economic crisis in decades mainly due to depleted foreign reserves.

Sri Lankans are facing shortages of milk powder, cooking gas, kerosene and other essentials. Cash shortages have hindered imports of raw materials for manufacturing and worsened inflation, which surged to 12.1% in December.

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