Strategy Note /
Sri Lanka

Sri Lanka's food and currency "emergency"

  • President Rajapaksa declared emergency powers to secure supply of food items at "fair" prices; another populist move

  • This includes the power to seize private sector inventories of food items like sugar and fix consumer prices

  • Global food prices are moderating but Sri Lanka faces very high currency risk; its cheap equities are for locals alone

Sri Lanka's food and currency "emergency"
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
1 September 2021
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