CBSL prints more money

CBSL had to settle nearly Rs. 160 billion as principal payments as well as interest payments on 15 December. But the T-bond auction failed to raise the entire Rs. 160 billion and managed to sell Rs. 124 billion. CBSL has printed an additional Rs. 64 billion on the settlement date.

Domestic debts are being settled via money printing in the recent period as no other funding sources are available.