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State of emergency imposed in Sri Lanka amid violent protests over deepening economic crisis 

01:47 PM | 2 Apr, 2022
State of emergency imposed in Sri Lanka amid violent protests over deepening economic crisis 
Source: A screengrab from Twitter video

COLOMBO – A state of emergency has been declared in Sri Lanka as protests being held outside the president’s house against deepening economic crisis turned violent. 

President Gotabaya Rajapaksa has given sweeping powers to the military by invoking the tough laws of the country in order to tackle the intensifying protests which are demanding his resignation. 

Under the emergency law, the security forces are allowed to arrest and detain suspects for long periods without sending them into trial.

The president in his statement said that the decision to imposed the emergency was taken for “protection of public order and the maintenance of supplies and services essential to the life of the community”.

The South Asian nation with 22 million population is facing acute power outage, shortage of fuel and rising prices of food items and the country is running out of foreign currency reserves. 

On Thursday, a number of people gathered outside the president’s house and launched peaceful protests. Some participants told international media that the situation turned violent after police used tear gas and water cannons to disperse the protesters in the capital city. 

In retaliation, protesters pelted stones on police, leaving more than two dozen personnel injured. 

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 25 Feb 2024 forex rates

Pakistani rupee remains stable against US dollar in the open market on February 25, 2024 (Sunday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 25 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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