CB halts ISB purchases by banks

Monday, 19 April 2021 03:39 - - {{hitsCtrl.values.hits}}

The Central Bank has imposed a suspension on purchase of Sri Lanka International Sovereign Bonds by commercial banks until 23 April.

Central Bank said the move on banks including NSB is with a view to easing pressure on the exchange rate and considering the substantial amount of possible or potential outflow of foreign exchange by banks and its impact on bank’s risk management.

CB halts ISB purchases by banks

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