“Sri Lanka is Heading Into Another Massive Crisis” – Former Deputy Governor Warns
Posted on June 8th, 2026
Insight News
Sri Lanka’s rupee is under pressure, inflation is creeping up, and the debate over “money printing” is back in the spotlight. Did the Central Bank really print Rs. 2.1 trillion? Is money printing always bad? Who is actually responsible for the rupee’s depreciation? And are we heading toward another economic crisis? In this episode of Insight, former Central Bank Deputy Governor and economist Dr. W.A. Wijewardena explains: • Why exchange rate stability is no longer the Central Bank’s primary responsibility • The truth behind the Rs. 2.1 trillion money printing claim • How external shocks are impacting inflation and the rupee • Why Sri Lanka’s real economy remains vulnerable despite IMF-backed stabilization • Whether the country risks another debt crisis • What government and citizens must do to navigate the challenges ahead Watch the full conversation and share your thoughts in the comments.