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Sovereign Amnesia: How Sri Lanka’s Bureaucratic Ego Is Torpedoing 25 Years Of Investor Trust
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Sovereign Amnesia: How Sri Lanka’s Bureaucratic Ego Is Torpedoing 25 Years Of Investor Trust
By Chris Dharmakirti – Chris Dharmakirti In the late 1990s, the “Quantum” speculation of George Soros sent a seismic chill through the counting-houses of Asia. As the Thai Baht and the Malaysian Ringgit buckled under the weight of “hot money” flight, the region’s central bankers learned a harrowing lesson: liquid capital is a fair-weather friend. Seeking to insulate Sri Lanka from a similar contagion, the nation’s financial titans of the era—Ce…
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