Speaker of the Parliament Mohamed Nasheed says he is confident that the people of Sri Lanka will find a sensible way forward as the island nation is engulfed in political chaos and a deep economic downfall.

Yesterday marked a historic day in the country as hundreds of thousands descended on the capital Colombo, calling for President Gotabaya Rajapaksa to resign after months of protests over economic mismanagement.

Rajapaksa will step down on 13 July while Prime Minister Ranil Wickremesinghe has also agreed to resign.

Commenting on the situation via Twitter, Nasheed who was appointed relief coordinator for Sri Lanka in May, said that these are tumultuous times for Sri Lanka.

Nasheed with former SL Prime Minister Rajapaksa

Nasheed noted that Sri Lanka needs a steady and experienced hand to steer her out of this political and economic crisis.

He added that he was confident that the people of Sri Lanka will find a sensible way forward.

Sri Lanka witnessed chaotic scenes yesterday with protesters storming the Presidential residence after flocking to the streets of the capital.

Dozens of people were injured in Saturday's protests, and a spokesperson for Colombo's main hospital told the AFP news agency that three people were being treated for gunshot wounds.

Sri Lanka is suffering rampant inflation and is struggling to import food, fuel, and medicine amid the country's worst economic crisis in 70 years.

It has run out of foreign currency and has had to impose a ban on sales of petrol and diesel for private vehicles, leading to days-long queues for fuel.