An unprecedented economic crisis broke out in Sri Lanka, triggering weeks of turmoil. The Ministry of Finance announced this week that there was only $50 million in available foreign exchange reserves. Unions demanded President Gotabaya Rajapaksa be responsible for the crisis and resign, triggering a nationwide strike and The protests have caused businesses to close, mass transit to shut down, and the country to a standstill.
This is the country's second state of emergency in five weeks. Protests and strikes broke out in various places as Sri Lanka faced problems such as lack of foreign exchange, shortage of materials, soaring prices, and shortage of power supply. President Gotabaya Rajapaksa declared a public emergency in the country on April 1, but lifted it five days later.
