COVID, Russia-Ukraine war and other external issues caused the crisis: Basil

11 March 2022 08:44 pm Views - 4498

Finance Minister Basil Rajapaksa said that they are trying to provide relief to people as much as possible, despite the challenges posed by the Russia-Ukraine conflict.

Commenting on the current economic debacle, he told reporters that the pandemic, increase in fuel prices and Russia-Ukraine war were external factors that impacted the crisis. 

“However, we will try our level best to resolve the current crisis situation locally,” he stressed. 

“People should continue to place their trust on this government. The dollar has been floating ever since and we have temporarily stopped it and we were compelled to do so as we couldn’t stop it any further,” he added. (Sheain Fernandopulle)