Sri Lanka’s economy hits rock bottom with money printing spree

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Apr 8, 2022
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Sri Lanka's cash stricken government solely handled by President Gotabya Rajapaksa recently is continuing a money printing spree.

This was the first time that the central bank in its 72-year history has resorted to such an arbitrary action by printing Rs 119.08 billion on Wednesday to maintain the daily cash flow in a balance of payment crisis, Finance Ministry sources revealed.

The total money stock printed during the present regime headed by President Gotabaya Rajapaksa was Rs. 1.77 trillion since January 1 2021 up to now.