Economic Liberalization and the Aftermath of War in Sri Lanka ...

Economic Liberalization and the Aftermath of War in Sri Lanka ... Economic Liberalization and the Aftermath of War in Sri Lanka ...

29.11.2014 Views

Developed Social Unrest • Adjusted exchange rate in 1978 from US$1=Rs.8.50 to US$1=Rs.16/-(Now Rs.115/-) • Inflation rate increased from 5% to13% in 1980. • Trade Unions demanded Rs.10/- per day and Rs.2.50 for increasing of each Cost of Living Points. • Joint Trade Union Action Committee call a General Strike on July 17,1980.

Workers Protested Against the Dictatorial Regime • UNP right wing government announced 24 hours time and sacked 100,000 strikers. • August 08,1980 JTUCA declared SATHYAGRAHA protest and strikers came to the rode. • They began street fights with army and police. TU leaders arrested. 24 workers died from suicide actions after of the depression.

Developed Social Unrest<br />

• Adjusted exchange rate <strong>in</strong><br />

1978 from US$1=Rs.8.50 to<br />

US$1=Rs.16/-(Now Rs.115/-)<br />

• Inflation rate <strong>in</strong>creased<br />

from 5% to13% <strong>in</strong> 1980.<br />

• Trade Unions dem<strong>and</strong>ed Rs.10/- per day <strong>and</strong><br />

Rs.2.50 for <strong>in</strong>creas<strong>in</strong>g <strong>of</strong> each Cost <strong>of</strong> Liv<strong>in</strong>g<br />

Po<strong>in</strong>ts.<br />

• Jo<strong>in</strong>t Trade Union Action Committee call a<br />

General Strike on July 17,1980.

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