Sri Lanka has cut back on imports of farm chemicals, cars and even its staple spice turmeric as its foreign exchange reserves dwindle, hindering its ability to repay a mountain of debt as the South Asian island nation struggles to recover from the pandemic.
Toothbrush handles, venetian blinds, strawberries, vinegar, wet wipes and sugar
are among the hundreds of foreign-made goods that were banned or made
subject to special licensing requirements meant to chip away at a trade deficit that
has been deepening the country’s financial quandary for years.
Shortages are pushing prices higher for many consumer goods, from bread to
construction materials to gasoline, triggering protests among Sri Lankans fed up with
the prolonged crisis.
https://apnews.com/
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