CBSL is prepared to pay $ 500 million for the Sovereign Bond which is maturing today – Cabraal

Date:

The Central Bank has taken steps to pay $ 500 million for the International Sovereign Bond, which matures today (18), and the necessary documents have been prepared by the Department of Credit and the payments will be made today, Central Bank Governor Ajith Nivard Cabraal said.

The Governor of the Central Bank states that no one should be alarmed about this.

“We have faced some challenges. We have overcome all those challenges. In this case, if at any time the amount of dollars in the banks is less than the required amount, the Central Bank is bound to fill that gap. I discussed this with the President, the Prime Minister and the Minister of Finance. In such cases we will take action to provide that money. Therefore, we do not expect to have any deficit due to lack of funds. ” Cabraal added.

Share post:

spot_imgspot_img

Popular

More like this
Related

Serious Allegations Surface Over Tax Manipulation in Import of BYD Brand New Vehicles

Samagi Jana Balawegaya (SJB) Member of Parliament Mujibur...

PM Unveils Plans for National Industrial Think Tank to Boost Rural Economy

Prime Minister Dr. Harini Amarasuriya announced that the Government...

Sri Lanka, Japan Hold Talks to Enhance Trade and Investment Cooperation

A high-level discussion was held on Thursday (24) at...

Sri Lanka to Waive Visa Fees for 40 More Countries to Boost Tourism – Minister Herath

Foreign Affairs and Tourism Minister Vijitha Herath announced yesterday...