These 6 Countries Could be the Next Sri Lanka

[ShiningStar]

Let’s look at 6 countries that could follow in Sri Lanka’s footsteps, experiencing protests and crippled economies.

1. Ghana

2. Tunisia

3. Pakistan

4. Kenya

5. Argentina

6. Panama

Source:- https://inflatedworld.substack.com/p/inflation-domino-these-6-countries

 

[CloudX64]

Argentina issara idanma ohomai neda

 

[EVC]

wrong info

 

[ShiningStar]

wrong info

Can you explain what is incorrect here ?

 

[EVC]

Can you explain what is incorrect here ?

 

[ShiningStar]

The Argentinian peso has lost value so quickly that the government limits the amount of USD a citizen could hold.

Individuals are limited to purchasing up to $200 per month in foreign currency. For this reason, people who want to get rid of their pesos are rushing to exchanges, and the U.S. dollar is hitting new highs daily on the black market. For example, at an exchange store in the capital city of Buenos Aires, the dollar rose 15% in just one week to 337 pesos per dollar on January 22.

Protests have mainly begun on 07/10 to urge the government not to sign a loan revision agreement with the IMF regarding a $44bn loan (the largest amount in IMF history).

Reported Inflation: 64% (06/22, Trading Economics)

Government Debt (% GDP): 74.4% (2022, Bloomberg)

Sovereign Debt Vulnerability Ranking: 7th (2022, Bloomberg)

 

[Stimulus mind]

බොරුද ඉතින් විශ්වය පුරා විහිදී යනවා කිව්වෙ.

 

[shenat]