What will happen if money printing is suspended?

Published

2 years ago

February 23, 2023

editor

The economic analysts are of the view that the interest rates will rise further if the Central Bank of Sri Lanka suspends money printing against the Treasury’s requests.

So far, the usual process was that the Central Bank printed and supplied the necessary amount of money according to the financial needs of the Treasury.

The analysts said that if this process is suspended, the Treasury will have to look for alternative sources of funds.

The Cabinet last week took a special decision regarding a new law that gives the Central Bank the power to print money to the extent that the country’s economy can withstand.

The relevant Cabinet paper was submitted by the President as the Finance Minister.

With this move, the Central Bank will have the sole authority to not print money no matter how many demands the government makes from the Finance Ministry.

The new regulation has been imposed based on the recommendations given by the International Monetary Fund (IMF) to streamline the economy of Sri Lanka.

Bahrain makes Meningococcal vaccine mandatory for foreign workers

Published

4 hours ago

March 24, 2025

editor

The Ministry of Health has announced that the Meningococcal vaccine is now mandatory for all foreign workers entering Bahrain, including Sri Lankans.

The Sri Lanka Foreign Employment Bureau, in coordination with the Sri Lankan Embassy in Bahrain and the Ministry of Foreign Affairs, will implement the vaccination program based on guidelines from Bahrain and the Gulf Cooperation Council (GCC).

Meningococcal disease, caused by the Neisseria meningitidis bacterium, is a severe infection with a high mortality rate if untreated.

The GCC recommends vaccination to prevent outbreaks, especially in regions with large migrant worker populations.

Bahrain remains a key employment destination for Sri Lankans, with over 4,000 workers departing for Bahrain in 2024 alone.

News

A’pura hospital rape : Suspect further remanded

Published

4 hours ago

March 24, 2025

editor

The suspect arrested in connection with the sexual assault on a female doctor of the Anuradhapura Teaching Hospital has been ordered to be further remanded until March 28, 2025.

This order was issued after he was produced before the Anuradhapura Magistrate’s Court today (March 24).

Meanwhile, the suspect’s identification parade, which was rescheduled for today, had been cancelled after the victim had not attended.

News

High Posts committee approves 3 appointments

Published

4 hours ago

March 24, 2025

editor

The Committee on High Posts, which met in Parliament recently (March 21), has approved the nominations to appoint two Ambassadors and a High Commissioner.

The Committee also approved the nomination to appoint the Permanent Representative of Sri Lanka to the United Nations in New York.
Accordingly, the nominations of Mr. Ratnayake Mudiyanselage Mahinda Dasa Ratnayake, to be appointed as the Ambassador of Sri Lanka to the Republic of Cuba and Professor Pivithuru Janak Kumarasinghe, to be appointed as the Ambassador of Sri Lanka to Japan were approved by the Committee on High Posts.

The nomination of Mr. Senadheera Dumunnage Nimal Upali Senadheera, to be appointed as the High Commissioner of Sri Lanka to the United Kingdom of Great Britain and Northern Ireland was also approved by the Committee on High Posts.

Furthermore, the Committee on High Posts approved the nomination of former Chief Justice Jayantha Chandrasiri Jayasuriya P.C to be appointed as the Permanent Representative of Sri Lanka to the United Nations in New York, the United States of America.