Cash from abroad: How foreign remittances play a part in Sri Lanka's economic crisis and its recovery | CBC News

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For months, the government has been calling on Sri Lankan expatriates and overseas workers to transfer money from abroad through the country's banking system.

to use banks and eventually unpegged the rupee's exchange rate to allow its value to depreciate against the dollar. It's helped somewhat, but not enough. The amount of remittances recorded by the Central Bank increased in May, but it remains about 34 per cent less than a year earlier.United in protest, Sri Lankans fight a political dynasty

Sri Lanka is facing a fuel crisis. But Canadian Tamil group says sanctions are keeping it from helping A man shops for vegetables at a market in Colombo on June 10. Food prices rose 80 per cent in June compared with a year earlier, and the United Nations has warned that the majority of Sri Lankans are skipping meals to make ends meet.

"They don't want to help until the present government isn't in power," he told CBC News, pointing to the "numerous allegations of bad governance and fraud" that Rajapaksa and his cabinet have faced.

 

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Will THEIR accounts be frozen

The Trudeau Foundation owns a 40% stake in Acuitas, through both direct ownership of shares and indirect ownership through shell companies.

Makes you wonder how big of a problem it is for the Canadian economy for foreign nationals to be siphoning wealth from Canada and sending it abroad.

Sri Lanka has been strategically bankrupting itself! This is part of the world economic forum's great reset plan to begin the fourth Reich. Hitler failed now Schwab is picking up where he left off.

“when the CentralBank pegged the rupee, to the U.S. dollar at 200 to 203 rupees per dollar. Damsinghe said there was no rhyme or reason for the move, but it pushed people to turn to informal wire transfer services, where they could get a much better exchange rate.”

Do not let the globalists near our farmland and bs green new fertilizer bs!

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