Sri Lanka is gearing up to embark on the country’s massive external debt restructuring process following the announcement of debt treatment strategy next month stepping into the most difficult and complex creditor persuasion task ever faced by the island nation, finance ministry sources confirmed.
National Savings Bank (NSB), Sri Lanka’s premier financial services provider and 3rd largest bank in the country, marked a milestone by unveiling South Asia’s first Self Sovereign Identity (SSID) solution on blockchain for its customers, in partnership with PayMedia and Bridge Advisory and Consulting, powered by FlexID.
Sri Lanka’s Central Bank continues its unending aggressive” dollar buying spree has prevented sharp appreciation of the rupee, dealers say, as the rupee is under upward pressure amid negative credit and the lifting of a surrender rule.
