Winner of money-printing competition: Rs. 40 billion printed last week!

Date:

The Central Bank of Sri Lanka (CBSL) last week has printed treasury bills amounting to Rs. 40 billion, in the backdrop where the CBSL Governor Nandalal Weerasinghe himself has repeatedly promised that the country’s money navigator is functioning autonomously.

Since his appointment, Weerasinghe proceeded the printing of treasury bills amounting to Rs. 365 billion within 80 days, estimatedly Rs. 4.45 billion per day, a figure two times greater than those of his two predecessors.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

New Tariff Policy Aims to End Decades of Protectionist Drift

Sri Lanka is preparing to introduce a landmark national...

IRD Extends 2024/2025 Income Tax Return Deadline Due to Cyclone Ditwah Disruptions

The Inland Revenue Department (IRD) has announced an extension...

CBSL Directs Banks to Provide Relief for Those Affected by Adverse Weather

The Central Bank of Sri Lanka (CBSL) has issued...

Sri Lanka Briefs Diplomatic Community on Disaster Response, Tourism Safety & Recovery Plans

A special briefing for the diplomatic community in Sri...