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Sri Lanka faces a conundrum as transport costs double

The central bank is stuck between a rock and a hard place, having run out of dollars to pay for imports and printing more money will only fuel rocketing inflation

03 July 2022 - 00:00 By Karthikeyan Sundaram and Anusha Ondaatjie

The cost of transport in Sri Lanka’s capital, Colombo, doubled last month even though most residents were stuck at home due to a severe shortage of fuel, highlighting a crucial dilemma for the central bank...

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