Sri Lanka s Employees Provident Fund, a pension fund of private sector workers has suffered an estimated 6.5 billion US dollar hair cut after the collapse of a soft-peg after two years of money printing to mis-target interest rates.
The value of the stock portfolio of Sri Lanka s Employees Provident Fund has risen to 112 billion rupees, showing unrealized gains of 28 billion rupees, the central bank which manages the assets said.