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Sri Lanka's currency suffers as debt trap deepens NEW DELHI -- Sri Lanka, which has loaded up on Chinese-funded infrastructure, is sinking deeper into a debt trap as its currency weakens and economic growth decelerates to its slowest pace in 16 years. The Sri Lankan rupee has depreciated 3% against the greenback this year to 157.4628 per dollar, ...
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'Historic' signing of virtual currency deal The Premier hailed a "historic" day for the island as he signed a memorandum of understanding yesterday with global cryptocurrency trader Binance. David Burt signed the MOU with Zhao Changpeng, the chief executive of "the world's largest cryptocurrency exchange". Mr Burt said: "This government ...
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