Sri Lanka will seek International Monetary Fund (IMF) bailout, said President Gotabaya Rajapaksa. The country is facing forex shortages for basic imports as printed money has pushed up domestic demand and made it difficult to repay debt.

Sri Lanka seeks IMF bailout amid rising fuel shortages, public anger

Sri Lanka celebrated its 74th independence day amid a massive foreign exchange crisis. President Gotabaya Rajapaksa used the event to thank Lankan expats for sending valuable remittances. Mariam Wardak gets you a report.

South Asia Diary: Sri Lanka celebrates independence day amid forex crisis

Sri Lanka's financial crisis is worsening. According to the Central Bank data, country's gross foreign currency reserves have fallen over 24% to 2.36 billion US$ by end of January.

Trouble continues for Sri Lanka's finance sector as forex fall by 24%

Turkish citizens are asking their President Recep Tayyip Erdogan to show them the money. They want to know where the government spent $128 million from its forex reserves.

'Where are $128 billion?', Turkey questions Erdogan about forex money

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