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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]
Market capitalization set a record high on 6 October 2009 as the CSE reached the රු.1 trillion mark for the first time. [10] ASPI set a record of 3549.27 points on 11 January 2010. [ 11 ] CSE was the best performing stock exchange in the world in 2009 as it jumped 125.2 percent during that year.
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
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 their low value.
The international dollar (int'l dollar or intl dollar, symbols Int'l$., Intl$., Int$), also known as Geary–Khamis dollar (symbols G–K$ or GK$), is a hypothetical unit of currency that has the same purchasing power parity that the U.S. dollar had in the United States at a given point in time.
The Central Bank of Sri Lanka was established in 1950, two years after independence. The founder governor of the Central Bank of Sri Lanka was John Exter, while the minister of finance at the time was J. R. Jayewardene.
Kulappu Arachchige Don Dhammika Perera, commonly known as Dhammika Perera (born December 28, 1967), is a Sri Lankan billionaire businessman and politician. A top corporate leader, he is one of the wealthiest people in Sri Lanka, controlling 23 listed companies on the Colombo Stock Exchange.
The first small-size $1 Silver Certificate Common reverse of $1 Silver Certificates (Series of 1928-1934) and $1 United States Notes (Series of 1928), commonly referred to as "Funnybacks" The first small-size $1 United States Banknote printed (6.14 length × 2.61 width × 0.0043 in thickness = 156 × 66.3 × 0.11 mm)