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Sri Lanka seeks Iran, UAE oil credits to drive external current deficits amid money printing

Published: August 30, 2021

Sri Lanka's Petroleum Minister has sought suppliers' credit facilities from the United Arab Emirates and Iran through diplomatic channels, media reports said as money printing is creating forex shortages and depleting forex reserves.

Source: economynext.com

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United Arab EmiratesSri LankaMahendra GarusingheRobert LawrenceJohns HopkinsSteve HankeUdaya GammanpilaMangala SamaraweeraEnergy MinistryCeylon Petroleum Corporation Sumith WijesingheHarvard UniversitySri Lanka PetroleumCeylon Petroleum CorporationPetroleum MinisterMinister Udaya GammanpilaSunday TimesMinister GammanpilaMinistry SecretaryDeputy General Manager Mahendra GarusingheFinance Minister Mangala SamaraweeraModern MonetaryRepublic GermanyYoung PlanEast AsianFutile World