Sri Lankan Rupee
a.k.a. LKR, Sri Lanka Rupee
Sri Lanka's currency, which collapsed during the country's 2022 debt default and economic crisis.
In plain English
Sri Lanka's currency, which collapsed during the country's 2022 debt default and economic crisis.
The Sri Lankan rupee (LKR) is Sri Lanka's money. In 2022 the country ran out of foreign reserves, defaulted on its foreign debt, and faced shortages of fuel, food and medicine. The rupee lost a huge chunk of its value in weeks. It is a sharp example of what happens when reserves run dry.
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