Policy and Regulation

New Government Denies Printing of New Currency Notes, Clarifies Fiscal Practices

  • October 30, 2024

Minister Vijitha Herath has clarified that the new government has not printed any currency notes or taken loans from foreign institutions. The statement was made in response to a question posed by a journalist at Monday’s (28) Cabinet press conference. Minister Herath explained that while the Central Bank of Sri Lanka regularly issues new treasury

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Economics

Sri Lanka’s Cabinet Spokesman Denies New Currency Printing Amid Rising Liquidity Concerns

  • October 29, 2024

Sri Lanka has not printed new banknotes, as confirmed by cabinet spokesman Vijitha Herath, who highlighted the absence of currency notes bearing the signature of the incumbent finance minister. During the weekly cabinet press briefing on Tuesday, October 29, Herath addressed rumors regarding the central bank’s liquidity injections, clarifying a misunderstanding between liquidity management and

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