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

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...