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

Neglected Online Safety: The Need for an Active Online Safety Commission in Sri Lanka

By Nalinda Indatissa, President's Counsel. In the digital age, the...

Why talk about a Director of Public Prosecutions (DPP) — and how this compares with the Attorney General (AG)?

By Nalinda Indatissa, President's Counsel. In every country, someone must...

The War Inside: How Sri Lanka’s Three-Decade Conflict Shaped a Generation’s Mind

The War Inside: How Sri Lanka’s Three-Decade Conflict Shaped a Generation’s Mind

RTSL Leads Swift Flood Relief after Cyclone Ditwah

In the wake of devastating floods triggered by Cyclone...