Posts

Showing posts from July, 2022

Srilankan debt crisis

   Children can't give exams because of a shortage of papers.  Sri Lankan govt imports and export things in $. but the import is more than the export. This led their foreign reserves to depreciate. As they lose more and more dollars, they can't buy more things. Also, govt makes unequal valuation of dollars to Srilankan rupee.  This led to the rupee value depreciating.  Srilankan travel industry heavily took a hit due to the start bombing. And after that COVID makes the situation bad to worst. The tourism and travel industry is one of the backbones of the Sri Lankan economy, which suffers heavily this time.  Also, many government decisions make the situation direr. The government banned all pesticides imported to make organic farming but this sudden decision cut down agricultural production in half. This leads to food shortages in the whole country.  Also due to the depreciating currency and low foreign reserves, Sri Lanka takes loans from China and oth...
Image
  Manage your money like a pro Introduction I was once an average person with a lot of financial problems. My money issues were so bad that I could barely afford basic necessities like food and clothing. It wasn't until I started reading books on how to manage my finances that my situation turned around quickly. Now I'm able to save up enough money to buy all the things that matter, while still enjoying myself at the same time! So if you're struggling financially too, don't worry! You can learn from my mistakes and start managing your money like a pro today! do not take a loan Do not take a loan. This may seem like a bit of an unusual statement, but, indeed, most people don't need to take out loans at all. The reason is that there are many ways to get the things you want without having to pay for them with money borrowed from someone else. If you can afford something, there's no need to borrow money—just save up enough cash and buy the item with your own money! ...