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CB gets tough; bans banks from buying ISBs for 3 months

Banks suspended from purchasing ISBs of Sri Lanka for three months

Dec 24, 2020 (LBO) – Licensed commercial banks and National Savings Bank are required to suspend the purchase of Sri Lanka ISBs with immediate effect for a period of three months, the Central Bank said in a Banking Act direction. The Central Bank observes that a sizable amount of investment in Sri Lanka International Sovereign Bonds (ISBs) has been made by licensed banks thus far during the year. Furthermore, it has been observed that licensed banks continue to purchase Sri Lanka ISBs using inflows to the current account of the balance of payments, thereby adding undue pressure to the domestic foreign exchange market.

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ŠTA ĆE BITI SA 2 MILIONA RAČUNA U KOMERCIJALNOJ? Novi vlasnik od Nove godine donosi velike promene

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blic.rs - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from blic.rs Daily Mail and Mail on Sunday newspapers.

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