By today (28), debts of the Central Bank of Sri Lanka have exceeded one Trillion rupees (Rs. 1,135.5 billion), former Governor Rajith Keerthi Tennakoon says.
Also, the face value of Central Bank loans (Treasury Bills, Bonds) have passed one Trillion rupees for the first time in history, he says, issuing a statement.
“In addition to Treasury bills, the Central Bank has raised Rs. 198.2 billion in ‘provisional advances’. Simply put, 198.2 billion has been printed,” he adds.
“Sri Lanka is slowly but surely heading for a major financial crisis, but neither the government nor the opposition has paid sufficient attention to the country’s financial crisis,” he further stated.