Sri Lanka should adopt a currency board, like the one it had from 1854 to 1950, before it changed its name in 1972 from Ceylon to Sri Lanka.

COLOMBO, Sri Lanka — Sri Lanka will lower the maximum amount of foreign currency that individuals can possess to $10,000 from $15,000 and penalize anyone who holds it for more than three months ...

It’s time for Sri Lanka to do the one and only thing that will permanently remove it from the IMF’s intensive-care ward. It should revert to a currency-board system, like the one it had for 66 ...

Sri Lanka's central bank chief has said the island nation will lower the amount of foreign currency that individuals can hold to $10,000 from $15,000 and penalize those who hold foreign currency ...

Sri Lanka's garments sector is pinning its hopes on further discussions with the U.S. government after Donald Trump's ...

ADRIAN MA, BYLINE: Sri Lanka's local currency is the rupee, and so when American tourists arrive on the island for vacation, they swap their U.S. dollars for rupees.

But none of this would preclude a currency board in Sri Lanka. We are an island of 23 million people, and there are no weak banks now in operation in our country.

Sri Lanka is tackling its worst financial crisis in over a decade, struggling to pay for critical imports including fuel, food and medicines and with just $2.31 billion of reserves. Sign up here.

Sri Lanka's central bank says it will lower the maximum amount of foreign currency that individuals can possess to $10,000 from $15,000 and penalize anyone who holds it for more ...