Banking system won’t be burdened further – CBSL governor



Central Bank Governor Dr. Nandalal Weerasinghe said the banking system would not be burdened any further as it already contributes to the Treasury & economy through taxes of over 50%.

Addressing a media briefing at the Presidential Media Centre today (29), he assured that the 57 million depositors would be protected.

The CBSL Governor also assured that the EPF funds already accumulated would not be touched and also guaranteed a minimum 9% interest for EPF.

Responding to a question posed by a journalist, Dr. Weerasinghe said Friday (30) was declared a bank holiday to prevent any speculation, until parliament approval for domestic debt restructuring is obtained.

He also said it was vital to protect the banking sector as a collapse of the country’s banking sector would have catastrophic consequences.


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