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

Browns EV Unveils BAW M8 MPV, Bringing Long-Range Electric Mobility to Sri Lanka

February 02, Colombo (LNW): Browns EV, the electric mobility...

Court Orders Analysis of Rs. 3bn Drug Cache Seized at Sea

Court Orders Analysis of Rs. 3bn Drug Cache Seized at Sea

Balangoda Kassapa Thero Remanded Over Disputed Buddha Statue Erected in Trincomalee Coastal Area

Balangoda Kassapa Thero Remanded Over Disputed Buddha Statue Erected in Trincomalee Coastal Area

US Embassy in Colombo Scales Back Social Media Updates Amid Federal Funding Impasse

US Embassy in Colombo Scales Back Social Media Updates Amid Federal Funding Impasse