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Sri Lanka crisis – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Fri, 27 May 2022 04:30:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png Sri Lanka crisis – DIGIT INFO https://www.digit.info 32 32 After Defaulting Sri Lanka Plans to Print $2.8 Billion Worth of Rupees, Inflation Rate Expected to Top 40% https://www.digit.info/after-defaulting-sri-lanka-plans-to-print-2-8-billion-worth-of-rupees-inflation-rate-expected-to-top-40/ Fri, 27 May 2022 04:30:26 +0000 https://www.digit.info/2022/05/27/after-defaulting-sri-lanka-plans-to-print-2-8-billion-worth-of-rupees-inflation-rate-expected-to-top-40/ Read more]]> The government in crisis-stricken Sri Lanka has said it will print more money and cut spending on infrastructure as part of an attempt to pacify the restive population. The government, however, concedes that printing more money will likely see the inflation rate rise to 40%. Printing More Money as the Solution After defaulting on its […]

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