COLOMBO -- Sri Lanka's COVID-stricken economy is being likened to a ticking time bomb that could go off at any moment as foreign reserves plummet, the cost of living rises and the central bank carries on printing money.
Economy
Sri Lanka's economy seen as a 'ticking time bomb'
Central Bank has been printing money as tax take falls and prices soar
Under President Gotabaya Rajapaksa, Sri Lanka has been printing money at a high rate partly to offset a fall in the tax take following cuts he pledged to gain election. (Nikkei montage/Reuters/Getty Images)
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