People’s Bank’s Chairman debunks speculations on Social Media

Date:

Social Media speculations on People’s Bank, Sri Lanka’s leading state bank, being subjugated to a crisis are completely false, Bank Chairperson Sujeewa Rajapaksa emphasised.

Speaking exclusively to LNW, Mr. Rajapaksa noted that such a crisis does not exist and that these speculations are spread to mislead the public.

“It is a blatant lie that People’s Bank is in crisis. Two or three Letters of Credit (LCs) were stalled with the dollar shortage in the country these days. But today the required dollars are being provided by the Central Bank of Sri Lanka. So, that problem is over today. There is no other issue. There is no problem in Rupees either, these are completely false propaganda. No need to worry, People’s Bank is not an institution that causes problems. These are lies to mislead these people,” he said.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Trump Tariffs Cloud Sri Lanka’s Exports as Hopes for Relief Hang in Balance

Trump Tariffs Cloud Sri Lanka’s Exports as Hopes for Relief Hang in Balance

Opposition Leader slams govt’s MBBS policy u-turn

Opposition Leader slams govt's MBBS policy u-turn

SL Government to Curb Generous Tax Holidays under IMF Reforms

SL Government to Curb Generous Tax Holidays under IMF Reforms

Sri Lanka to Study Dutch-Era Palm Leaf Manuscripts with €384,000 Grant

Sri Lanka to Study Dutch-Era Palm Leaf Manuscripts with €384,000 Grant