Cash-strapped Sri Lanka to sell ‘golden’ visas ...Middle East

COLOMBO: Cash-strapped Sri Lanka announced on Tuesday it would sell long-term visas to attract desperately needed foreign currency after the island nation ran out of dollars to pay even for food and fuel.Foreigners who deposit a minimum of $100,000 locally will be granted permission to live and work in Sri Lanka for 10 years under the “Golden Paradise Visa Program”, the government said.But any income from the scheme is likely to be dwarfed by the scale of the current crisis, with acute shortages of food, fuel and medicines that have triggered widespread protests.Thousands of people remained camped outside President Gotabaya Rajapaksa’s seafront office to demand his resignation.Trading at the

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Cash-strapped Sri Lanka to sell ‘golden’ visas ...Middle East

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