Dec 31, 2021

CBSL again prints Rs. 202 Bn!

The Central Bank of Sri Lanka has taken steps to print 202 billion rupees on Wednesday (29).

This is the first time money has been printed since October 14.

The Central Bank has taken steps to print 825 billion rupees so far this year.

Meanwhile, despite the Central Bank issuing bonds worth Rs. 48.5 billion yesterday, only Rs. 33.5 billion could be sold.

Former Deputy Governor of the Central Bank Dr.W. A. Wijewardene points out that the crisis is exacerbated by the continued control of interest rates and exchange rates.