#斯里兰卡: is experiencing the most serious national crisis #Sri Lanka, known as "teardrops in the Indian Ocean", known to the Chinese people more about black tea and tourism.
Sri Lanka
However, this small country is currently suffering from the worst national crisis: inflation, a severe blow to tourism, food shortages, energy shortages, drug shortages, and a depreciation of the exchange rate.
Due to the sharp decline in foreign exchange reserves and the rise in energy prices caused by the Russo-Ukrainian War, imported oil has been unable to meet the needs of production and life, and people's lives have been maintained by firewood.
inflation
The root cause of the crisis is the lack of self-sufficiency in Sri Lanka, which relies on imports of energy and living materials. When tourism is hit hard, foreign exchange earnings are woefully inadequate, and rising energy prices are even more inadequate. Currency over-issuance caused prices to soar, inflation caused resentment among the people, and large-scale demonstrations broke out.
Sri Lanka crisis
Sri Lanka has already erupted into a national sovereign credit crisis, but unfortunately, Sri Lanka may only be the beginning. In the context of the global energy crisis and the spread of the epidemic, those fragile countries may also follow in the footsteps.