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The treasury of Sri Lanka, which is facing financial crisis, has foreign exchange of only Rs 5,000 crore. There is an acute shortage of basic necessities. People are protesting on the streets outside President Gotabaya Rajapaksa’s house even in the rain. Meanwhile, Sri Lanka’s Finance Minister Ali Sabri said that his country needs around Rs 22,000 crore to get the country out of this crisis.

Sabri has appealed to the IMF for help. The Government of India has provided financial assistance of around Rs 4,000 crore to deal with the crisis. At the same time, Leader of the Opposition Sajith Premadasa demanded the resignation of the entire Rajapaksa family along with the removal of the acting president.

 

Last week Sri Lanka’s central bank governor Ajit Niravada Cabral resigned from his post. Following the crisis, the Sri Lankan government handed over the reins of the Sri Lanka Central Bank to P Nandalal Veer Singh. Veer Singh took over as soon as he got the order of the government.

The United Nations has advised the Sri Lankan government to talk to its people and call an end to the protests amid the economic crisis. “I will not leave the country,” said former central bank governor Ajit Nivard Kabrali. I will cooperate with any investigation.

 

People protest outside Rajapaksa’s house

Protests continued in Sri Lanka on Saturday as well. The army and police have closed all roads leading to the residence of Prime Minister Mahinda Rajapaksa. Protesters gathered in front of the US embassy in Colombo, saying that the US should confiscate the assets of Sri Lankan Prime Minister Mahinda Rajapaksa in the US.

Sri Lankans settled in the US protest outside the house of Mahinda Rajapaksa’s son in New York. In London too, Sri Lankans protested outside the embassy.

 

20% hike in prices of essential medicines in Sri Lanka

Once again the prices of essential medicines have increased in Sri Lanka. The government has increased the price of all medicines by 20 percent. The drug controller said this would not apply to drugs whose price was higher earlier. This decision has been taken in view of the shortage of medicines.

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