Sri Lanka successfully completing pre-requisites for IMF support, hope for quick deal

[ad_1] © Reuters. FILE PHOTO: Drivers push auto rickshaws in a line to buy petrol from a fuel station amid Sri Lanka’s economic crisis, in Colombo, Sri Lanka, July 29, 2022. REUTERS/Kim Kyung-Hoon COLOMBO (Reuters) – Sri Lanka is successfully completing pre-requisites to unlock a $2.9 billion bailout from the International Monetary Fund (IMF) and … Read more

Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch By Cointelegraph

[ad_1] © Reuters. On a recent visit to Sri Lanka, American billionaire Tim Draper pitched the idea of adopting (BTC) as a legal tender to fight against the corruption that contributed to hyperinflation in the island country. However, a key Sri Lankan authority — central bank Governor Nandalal Weerasinghe — believed doing so would worsen … Read more