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Sri Lanka declares 'economic emergency' to contain food prices

Writer's picture: Deaf Leaders FoundationDeaf Leaders Foundation

Sri Lanka has declared an 'economic emergency' after a steep fall in the Sri Lankan rupee's value caused a spike in food prices. The Sri Lankan rupee fell by 7.5% against the US dollar this year. 'Economic emergency' empowers authorities to take control of staple foods like rice and sugar and set their prices to contain inflation.

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