Central Bank Governor Nandalal Weerasinghe has printed another Rs.123 billion during the week ended 8th July 2022.
Therefore, so far, in the 94 days of Governor Nandalal, the total “money printing” has now reached a staggering Rs.504 billion.
What’s worse is that there is NO END in sight.
That amount of “money printing” is Rs.5.36 per day, which is NEARLY TWO AND A HALF TIMES of what was printed during the 2 previous Governors.
Presumably, this “money printing” is his strategy to bring down inflation which is today at 80%!