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The Sri Lankan Rupee ( Sinhala: රුපියල්, Tamil: ரூபாய்; symbol: රු (plural) in English, රු in Sinhala, ௹ in Tamil; ISO code: LKR) is the currency of Sri Lanka. It is subdivided into 100 cents ( Sinhala: සත, Tamil: சதம் ), but cents are rarely seen in circulation due to its low value. It is issued ...
The Sri Lankan economic crisis[ 8] is an ongoing crisis in Sri Lanka that started in 2019. [ 9] It is the country's worst economic crisis since its independence in 1948. [ 9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities ...
Sri Lanka has seen external instability from around late 2014 suffering two currency crises and low growth with the rupee falling from 131 to 182 to the US dollar by 2018. [6] Foreign debt rose from 30% of gross domestic product in 2014 to 41.3% in 2019 while total debt went up from 76% to 86% as growth slowed amid [ 7 ] Sovereign bond ...
The mixed economy of Sri Lanka was worth $84 billion by nominal gross domestic product (GDP) in 2019 [ 32] and $296.959 billion by purchasing power parity (PPP). [ 33] The country had experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers.
The Sri Lanka Armed Forces is the overall unified military of the Democratic Socialist Republic of Sri Lanka encompassing the Sri Lanka Army, the Sri Lanka Navy, and the Sri Lanka Air Force; they are governed by the Ministry of Defence (MoD). The three services have around 346,700 active personnel; conscription has never been imposed in Sri Lanka.
Sri Lanka is the world's fourth-largest producer of tea. In 1995, it was the world's leading exporter of tea (rather than producer), with 23% of the total world export, and Sri Lanka ranked second on tea export earnings in 2020 [ 2] after China. The highest production of 340 million kg was recorded in 2013, while the production in 2014 was ...
The first group of Sri Lanka Marines received training from the 11th Marine Expeditionary Unit of the United States Marine Corps in November 2016. [1] [12] At the conclusion of this course, a group consisting of 1 officer and 40 marines received weapons handling , rappelling and battle obstacle crossing training at the Commando Regiment ...
Port City Colombo is located in the metropolis of Colombo, Sri Lanka, which is positioned within South Asian trade routes. The master planned city is to be constructed between the southern edge of the new Colombo South Port and the Fort lighthouse. The total area of sea to be reclaimed is 269 ha (660 acres). [1] [2]