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A comment on Sri Lanka is having a textbook currency crisis, triggered by policy mistakes.

Re:Sri Lanka is having a textbook currency crisis, triggered... by walrus01 on Tuesday July 12, 2022 @09:44PM (#32078084)
The first part of the article about how Sri Lanka would get foreign currency (swap, export or borrow) almost completely ignores the well documented devastation of the tourist industry, where people bring euros or dollars, due to covid19 and shutdowns of travel.

Yes I suppose it falls into the category of swap, because people bring euros and exchange them for local currency to buy local goods and services. But it was a big part of the "swap" that vanished for 2+ years.

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Re:Sri Lanka is having a textbook currency crisis, triggered... by thematrixturtle on Tuesday July 12, 2022 @10:29PM (#32078384)
It's mentioned later in the article, and while it's certainly a factor, there are a lot of other countries with an even larger dependence on tourism (Maldives, Fiji, Thailand, etc) that did not suffer a full blown economic crisis as a result.
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Re:Sri Lanka is having a textbook currency crisis, triggered... by belltaco on Tuesday July 12, 2022 @11:27PM (#32078729)
The big reason why is this https://en.wikipedia.org/wiki/2019_Sri_Lanka_Easter_bombings

https://en.wikipedia.org/wiki/2019_Sri_Lanka_Easter_bombings...

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Re:Sri Lanka is having a textbook currency crisis, triggered... by strix_varius on Wednesday July 13, 2022 @12:08AM (#32078956)
This was also discussed in the article.
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Re:Sri Lanka is having a textbook currency crisis, triggered... by oblio on Wednesday July 13, 2022 @08:25AM (#32081672)
How dare you!

We don't read articles over here!

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Re:Sri Lanka is having a textbook currency crisis, triggered... by worik on Wednesday July 13, 2022 @05:40AM (#32080576)
I do not know about Maldives, but Fiji and Thailand still have their community connections. Family ties going back a long way. I think that helps a lot.
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Re:Sri Lanka is having a textbook currency crisis, triggered... by aluminaient on Saturday July 16, 2022 @08:01AM (#32117223)
Havent had a crisis yet*
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Re:Sri Lanka is having a textbook currency crisis, triggered... by amacneil on Wednesday July 13, 2022 @05:02AM (#32080387)
Tourism is an export. There might be some forex involved, but that is true of imports too.
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Re:Sri Lanka is having a textbook currency crisis, triggered... by batushka3 on Wednesday July 13, 2022 @07:10AM (#32081096)
And terrorists do not forget
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