Central Bank Injects Rs 115 billion to Domestic Market

Following a meeting President Gotabaya Rajapaksa had with the Governor of the Central Bank of Sri Lanka (CBSL) and other officials of the Bank  on Tuesday, June 16, the CBSL has released Rs. 115 billion to the domestic Market.  At the meeting, the President had berated the officials for not supporting the government to revive the economy. The President  had proposed to the Central Bank that it provides Rs. 150 billion to banks by accepting the outstanding due as collateral. The President had also told the officials that the Monetary and Fiscal policy of the CBSL must reflect the  President's economic policy. See below the Press Release from the CBSL: