As the forex crisis worsens, Sri Lanka declares an economic emergency leading to rise of food prices

Highlights

• A severe shortage of cooking gas, kerosene oil, and milk powder
• Economic emergency declared by Sri Lankan president Gotabaya Rajapaksa

Sri Lankan president Gotabaya Rajapaksa declared an economic emergency in the country after the value of the Sri Lankan currency saw a steep fall which caused the high rise in prices of food materials.

The economic emergency wa....