Economics

Banks Discuss Sovereign Bond Repayment in Rupees Amid Exchange Rate Concerns

Sri Lankan Banks Discuss Repayment of Sovereign Bonds in Rupees Amid Exchange Rate Concerns Sri Lanka’s domestic banks are in negotiations with the government about repaying their sovereign bonds in rupees, according to sources. This potential shift has raised concerns about its impact on the exchange rate. Currently, out of $12.55 billion in sovereign bonds,

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