Sri Lanka Under Economic Crisis, Stock Market ClosedDaniel McCarthy (Author) Published Date : Apr 04, 2022 16:07 IST
Sri Lanka is facing a severe economic crisis. The public is suffering as the prices of essential commodities have risen sharply. Sri Lankan ministers have resigned today.
Sri Lanka Stock Exchange trading was suspended today. The stock market opened 5.92% lower today following the resignation of a number of ministers. Following this, the stock market was poised for half an hour, according to the Sri Lanka Stock Exchange. The resignation of the ministers and the resignation of the Governor of the Central Bank of Sri Lanka has been the main reason for the stock market slump.
Central Bank Governor Ajith Nivard Cabral has announced that he will resign following the resignation of Sri Lankan ministers. He said on Twitter, "I have submitted my resignation letter to President Gotabhaya Rajapaksa in the wake of the resignation of all cabinet ministers." The stock was then suspended for half an hour.
Sri Lankan President Gotabhaya Rajapaksa has called on all political parties to unite to resolve the crisis facing Sri Lanka. President Gotabhaya Rajapaksa has said that the time has come for all parties to unite for the nation's benefit and all citizens and future generations.
Sri Lanka Under Economic Crisis, Stock Market Closed