Sri Lanka: Sri Lanka declares food emergency as forex crisis worsens

COLOMBO, 01 September 2021, (TON): Sri Lanka has declared a state of emergency over food shortages as private banks run out of foreign exchange to finance imports.
With the country suffering a hard-hitting economic crisis, President Gotabaya Rajapaksa on Tuesday said he has ordered emergency regulations to counter the hoarding of sugar, rice and other essential foods.
The regulations give wide powers to officials to seize food stocks held by traders, arrest people who hoard essential food and for the government to fix controlled prices.
Rajapaksa has named a top army officer as Commissioner General of Essential Services to coordinate the supply of paddy, rice, sugar and other consumer goods.
Trade Minister Bandula Gunawardena said some traders were hoarding stocks, resulting in shortages of food items and causing inconvenience to the public.

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