The Central Bank of Sri Lanka (CBSL) wishes to provide the general public and the investor community the following information, while refuting the statements of Rating Agencies that continue to undermine the banking sector’s stability and fuel speculation regarding investments of licensed banks in Government of Sri Lanka International Sovereign Bonds (ISBs) and Sri Lanka Development Bonds (SLDBs).
With a view to facilitating investment opportunities in the country and to further encourage foreign currency inflows, the CBSL has allowed Licensed Commercial Banks (LCBs) and the National Savings Bank (NSB) to invest funds sourced externally in US Dollar denominated ISBs and SLDBs, equally splitting such investments into both ISBs and SLDBs, having considered all relevant risks involved including the following.
The post Investments by Licensed Banks in International Sovereign Bonds appeared first on Adaderana Biz English | Sri Lanka Business News.
Source From biz.adaderana
Author: Biz Editor
#SriLanka #News #lka