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

Tourism Industry Unites to Reassure World Sri Lanka Is Ready

In an unprecedented show of industry solidarity, Sri Lanka’s...

Sri Lanka’s Rubber Sector Faces Fresh Strain amid EU Green Push

Sri Lanka’s rubber industry—long considered one of the country’s...

Global Partners Aid Sri Lanka’s Stolen Asset Recovery Drive

Sri Lanka’s renewed effort to recover billions allegedly siphoned...

UN Needs Assessment Drives Targeted Recovery after Cyclone Ditwah

The United Nations has taken a central role in...