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  2. Sri Lanka sovereign default - Wikipedia

    en.wikipedia.org/wiki/Sri_Lanka_sovereign_default

    Sri Lanka has seen external instability from around late 2014 suffering two currency crises and low growth with the rupee falling from 131 to 182 to the US dollar by 2018. [6] Foreign debt rose from 30% of gross domestic product in 2014 to 41.3% in 2019 while total debt went up from 76% to 86% as growth slowed amid [ 7 ] Sovereign bond ...

  3. Sri Lankan rupee - Wikipedia

    en.wikipedia.org/wiki/Sri_Lankan_rupee

    The Sri Lankan Rupee (Sinhala: රුපියල්, Tamil: ரூபாய்; symbol: රු (plural) in English, රු in Sinhala, ௹ in Tamil; ISO code: LKR) is the currency of Sri Lanka. It is subdivided into 100 cents ( Sinhala : සත , Tamil : சதம் ), but cents are rarely seen in circulation due to its low value.

  4. S&P cuts Sri Lanka to 'selective default' on missed payments

    www.aol.com/news/p-cuts-sri-lanka-selective...

    S&P Global Ratings cut Sri Lanka's rating as an issuer of foreign currency debt to 'selective default' after the South Asian country missed sovereign bond interest payments, S&P said on Monday. S ...

  5. List of sovereign debt crises - Wikipedia

    en.wikipedia.org/wiki/List_of_sovereign_debt_crises

    The list of sovereign debt crises involves the inability of independent countries to meet its liabilities as they become due. These include: A sovereign default, where a government suspends debt repayments; A debt restructuring plan, where the government agrees with other countries, or unilaterally reduces its debt repayments

  6. Fitch downgrades Sri Lanka on rising default risk

    www.aol.com/news/fitch-downgrades-sri-lanka...

    Fitch downgraded Sri Lanka's sovereign credit rating to "CCC" on Friday, warning the country's debt levels were set to soar past 100% of GDP and that it was increasingly at risk of default. Sri ...

  7. Sri Lanka Falls Into Default, Sending Warning Across ... - AOL

    www.aol.com/news/sri-lanka-falls-default-sending...

    By Geoffrey Smith. For premium support please call: 800-290-4726 more ways to reach us

  8. Sri Lankan economic crisis (2019–present) - Wikipedia

    en.wikipedia.org/wiki/Sri_Lankan_economic_crisis...

    The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]

  9. Sri Lanka seeks fresh currency swap facility, deferment of ...

    www.aol.com/news/sri-lanka-seeks-fresh-currency...

    Sri Lanka owes about $960 million to India and earlier this year India agreed to a $400 million currency swap facility for Sri Lanka until November 2022.