Government refutes printing money, obtaining foreign loans
- 5opn1
- October 30, 2024
- Political
- Government refutes printing money, obtaining foreign loans
- 0 Comments
Sri Lanka’s central bank has injected around 100 billion rupees against domestic assets through multiple liquidity tools by October 25 official data show, driving up excess money in the banking system to over 190 billion rupees.
The central bank injected 36.16 billion rupees through an overnight auction and 70 billion rupees for 7 days through a term auction of printed money.
By October 25, excess liquidity deposited in the central bank’s standing facility was 193.4 billion rupees, up from 138 billion rupees a month earlier.
While refuting reports of printing money under the new government, Cabinet spokesman Minister Vijitha Herath said today the government had neither printed money nor obtained loans from foreign countries or institutions.
He told the weekly briefing to announce Cabinet decisions that if money has been printed, President Anura Kumara Dissanayake, as the Finance Minister should have signed the currency notes, adding that no such notes signed by the President have been issued
