Large-scale Economic Crisis in Sri Lanka

Economic Crisis
@cool83 (4465)
Sri Lanka
July 3, 2022 2:55am CST
We have been in a severe economic crisis since the beginning of this year as a result of nearly depleted foreign currency reserves. It is highly concerning since inflation is currently running at 50% and rising daily. live in my country through a difficult period, There are severe shortages of food, fuel, and gas. Most city schools are closed, and students are returning to online learning; however, some schools in the villages are resuming again. people waiting in lines for fuel for about 5 or 6 days now and yet not receiving what they need is a tremendous challenge. In the past few days, about 15-20 people have passed away while waiting in lines. How things about your country?
16 people like this
16 responses
@yanzalong (19091)
• Indonesia
3 Jul 22
It is almost similar but no as seriously as in your country.
4 people like this
@cool83 (4465)
• Sri Lanka
3 Jul 22
Ohh really , in hear we have no fuel there fore no school , offices are only work 3 days for week , How about your country current situation ?
1 person likes this
@Dreamerby (10111)
• Calcutta, India
3 Jul 22
Yes I have heard about it. Bit didn't know it's this bad. So how are you doing there?
4 people like this
@cool83 (4465)
• Sri Lanka
3 Jul 22
Yeah doing good but situation hear is very bad , no fuel , no gas , food prices are really going up day by day , still hope full for going to be recover soon.
2 people like this
@snowy22315 (209177)
• United States
3 Jul 22
I am sorry for that. It seems to be a worldwide recession. Things aren't good here either, but nothing like that.
3 people like this
@cool83 (4465)
• Sri Lanka
3 Jul 22
Ohh really , In my country things are really bad , Im still can handle the situation but most of them can`t hold as like that , Is that effect of Russian and Ukraine war for your country ?
@Shavkat (141905)
• Philippines
3 Jul 22
It is also the same thing here.
3 people like this
@cool83 (4465)
• Sri Lanka
3 Jul 22
ohh really , is ther any economic crisis in your country also ? i head the news that former president son won the election so on , what`s that election ?
2 people like this
@LadyDuck (502812)
• Italy
3 Jul 22
Our currency is very strong, but things are not good, as the inflation is rising and we will have problems in winter as Russia is not supplying gas and oil.
3 people like this
@LadyDuck (502812)
• Italy
4 Jul 22
@cool83 - For the moment the European Governments do not know what we are going to do, particularly the coming winter.
1 person likes this
@cool83 (4465)
• Sri Lanka
4 Jul 22
@LadyDuck ..I feel Ukraine did a stupid thing , Europe union did the fault thing , Europe government can go Arabic countries rite for their gas and fuel ?
1 person likes this
@cool83 (4465)
• Sri Lanka
3 Jul 22
Ohh really , Then what are the countries supply gas and fuel for your country ? in my country our currency really poor that is the main reason .
1 person likes this
@aninditasen (18202)
• Raurkela, India
3 Jul 22
We Indians know what you are passing through in your country. Here in India we are in a much better situation. Gas cylinders are delivered home.
3 people like this
@aninditasen (18202)
• Raurkela, India
4 Jul 22
@cool83 The prices of food items are continuously rising because of tax increase in India.
1 person likes this
@cool83 (4465)
• Sri Lanka
4 Jul 22
@aninditasen ohh really ,
1 person likes this
@cool83 (4465)
• Sri Lanka
3 Jul 22
Ohh nice to hear from about that , but we are in really bad situation . how about the prices of food items ?
3 people like this
@GardenGerty (169585)
• United States
4 Jul 22
We are also in economic down turn. It is not as bad as where you are though.
2 people like this
@celticeagle (190011)
• Boise, Idaho
3 Jul 22
Our gas prices are sky high and recession is hitting. I hope the situation where you are gets better soon.
2 people like this
@celticeagle (190011)
• Boise, Idaho
4 Jul 22
@cool83 .......Yes, right. Prices are high especial for organic items.
@cool83 (4465)
• Sri Lanka
4 Jul 22
I hope the same , how about the food prices in your country ? You are from America rite ?
2 people like this
@sjvg1976 (42727)
• Delhi, India
3 Jul 22
Yes, I read about Srilanka going through a difficult time these days. It's tough to stand in the queue for 5-6 days to get fuel. Hope things get better soon there.
2 people like this
@sjvg1976 (42727)
• Delhi, India
4 Jul 22
@cool83 Fuel price and food prices have increased but not too high that it goes out from the hands of common people.
@cool83 (4465)
• Sri Lanka
3 Jul 22
Yeah , really sad , Indian government is helping lot to our country and that is really grateful , how about the fuel prices and food prices in your country
2 people like this
@averygirl72 (38848)
• Philippines
4 Jul 22
We have difficulty also now in my country but not so alarming. We can still manage. I wonder how the new administration will face the challenges of economic crisis
1 person likes this
@averygirl72 (38848)
• Philippines
5 Jul 22
@cool83 Newly elected officials
1 person likes this
@cool83 (4465)
• Sri Lanka
4 Jul 22
Ohh really , New administration mean that new government elected or what ?
@LeaPea2417 (40061)
• Toccoa, Georgia
3 Jul 22
I read about that online and I pray it doesn't happen here in America.
1 person likes this
@LeaPea2417 (40061)
• Toccoa, Georgia
4 Jul 22
@cool83 your welcome
1 person likes this
@cool83 (4465)
• Sri Lanka
4 Jul 22
Thank you very much for the pray for us , I also wish to does not happen to your country ,
1 person likes this
@marlina (154103)
• Canada
3 Jul 22
It is not a good situation for sure. I hope that something can be done with the The International Monetary Fund. How are you holding on?
2 people like this
@cool83 (4465)
• Sri Lanka
3 Jul 22
Yeah in IMF is having discussion with our government and hopefully can be step up , well for me and family doing well with in this situation , but the main problem for us is that the we are shortage fuel , food . medicine , lot of roads empty , Don`t you any effect of Russian and Ukraine war?
@solidcodes (1798)
• Philippines
3 Jul 22
And you live in Sri Lanka? That's bad. A quite pathetic situation.
2 people like this
@cool83 (4465)
• Sri Lanka
3 Jul 22
Yeah `im living in Sri lanka , We are in really bad situation . i hope that in your country no any problems like that , is that true ?
3 people like this
@cool83 (4465)
• Sri Lanka
4 Jul 22
@solidcodes Oh that is good rite , how about your country food price ?
2 people like this
• Philippines
4 Jul 22
@cool83 That is true.
2 people like this
@Beestring (15372)
• Hong Kong
3 Jul 22
Wow, that serious. How does your government handle this situation?
2 people like this
@cool83 (4465)
• Sri Lanka
3 Jul 22
Well , our government is handling things are really stupid , that is the main reason , They don`t have a proper plans to what is going to on next ? they think about the fuel after every thing like that , Don`t you any effect of Russian and Ukraine war?
1 person likes this
@Beestring (15372)
• Hong Kong
4 Jul 22
@cool83 Can see any particular effects. The stock market is a bit volatile.
@Shiva49 (28397)
• Singapore
3 Jul 22
It is sad. I cannot understand why this sudden collapse. There is mismanagement by those responsible. Most countries are finding the going tough but managing to stay in the game.
1 person likes this
@Shiva49 (28397)
• Singapore
4 Jul 22
@cool83 Singapore is known for its prudent and forward-thinking government. So they plan meticulously. India too manages despite all the dust and din.
@cool83 (4465)
• Sri Lanka
4 Jul 22
This is not a sudden collapse , Government knew this happen before one year but they had poor management reason for this , how about the your country situation ?
1 person likes this
@db20747 (43419)
• Washington, District Of Columbia
21 Dec 22
I hope things have improved since July. And the the monetary fund will help. Being less dependent on gas will help an economy a great deal. The economy doesn't have to shut down. If people wear a mask it will keep them safe when working.