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

Re:Sri Lanka is having a textbook currency crisis, triggered... by elurg on Wednesday July 13, 2022 @05:26AM (#32080512)
> Very honestly, it might have worked out fine - organic produce fetches a much higher price overseas.

This also affected staple crops like rice which are eaten domestically, effectively forcing the country to start importing food instead of fertilizer.

It's not plausible to move the entire agricultural sector towards luxury exports by government fiat.

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Re:Sri Lanka is having a textbook currency crisis, triggered... by pjc50 on Wednesday July 13, 2022 @05:57AM (#32080664)
> It's not plausible to move the entire agricultural sector towards luxury exports by government fiat.

.. overnight.

Some countries have managed to pivot towards luxury exports, and indeed this is one of the standard things that the IMF tries to make failing countries do, but it's a multi-decade process.

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