Crisis-hit Sri Lanka sends troops to fuel stations, aims to restructure debt

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Crisis-hit Sri Lanka sends troops to fuel stations, aims to restructure debt
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Sri Lanka posted soldiers at hundreds of state-run gas stations on Tuesday to help distribute fuel after a sudden rise in prices of key commodities and accompanying shortages forced tens of thousands of people to queue for hours.

The Indian Ocean nation is battling a foreign exchange crisis that forced a currency devaluation and hit payments for essential imports such as food, medicine and fuel, prompting it to turn to the International Monetary Fund for help.

It was a response to complaints of stockpiling and inefficient distribution, said government spokesman Ramesh Pathirana.TWO SOLDIERS AT EACH PUMP Tension over the scarcity of supplies has fed sporadic violence among those scrambling to buy fuel and other essential items. The rapid drain of Sri Lanka's dollars has left it struggling to pay for critical imports as currency reserves have slumped 70% in the last two years to $2.31 billion.

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