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Banks barred from buying ISBs

25 December 2020 12:44 pm - 1     - {{hitsCtrl.values.hits}}

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Meanwhile, the Central Bank has barred licensed commercial banks and the Wtate-owned National Savings Banks from buying international sovereign bonds (ISBs), which are trading at steep discounts.


“The Central Bank of Sri Lanka observes that a sizable amount of investment in Sri Lanka International Sovereign Bonds (ISBs) has been made by licensed banks thus far during the year,” a Central Bank Direction said.

 

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  • Bernard Friday, 25 December 2020 03:22 PM

    Lack of consistent policy directions by the Central Bank to state-owned and licensed commercial banks has led to this situation today notwithstanding the import restrictions.


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