Top economics expert shares insights to solve SL economic crisis
Business graph with arrows tending downwards
Economics expert Steve H. Hanke from the Johns Hopkins University in Baltimore, Maryland has come up with suggestions for Sri Lanka to address the current economic crisis.
According to him, Sri Lanka’s inflation has been measured at a roaring 49%/yr and since 1st January, the Sri Lankan rupee has depreciated 26% against the US Dollar. In this regard, Hanke suggested to dump the rupee and install a currency board to save the country’s economy from further depleting.
Source – News Wire
