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USD 2.8bn T-Bond investments withdrawn: Bandula

22 April 2016 09:38 am - 7     - {{hitsCtrl.values.hits}}

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As much as US $ 2.8 billion invested in Sri Lanka’s Treasury Bonds has been withdrawn by their investors in recent times, joint opposition MP Bandula Gunawardane alleged yesterday.

Asserting that this caused a foreign exchange crisis, he said US $ 4 billion had been sold in the market during the past year. Mr. Gunawardane said this was done to prevent the further depreciation of rupee against the US dollar, but it was devalued to nearly 150.

As a result, he said a balance of payment crisis had been occurred. “Today, we do not have sufficient foreign remittances,” he said. (Kelum Bandara)

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  Comments - 7

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  • Leo Friday, 22 April 2016 10:07 AM

    Professor Cuthbert Calculus has spoken. via DM Android App

    Perumal Friday, 22 April 2016 10:31 AM

    He is Professor Doomsday waiting for Godot.

    Mr Polwathura Friday, 22 April 2016 01:14 PM

    Me ara Rs.2500/- masema kana eka neda ?

    dham Friday, 22 April 2016 01:17 PM

    Professor need only 2500 for month treat 2 children and wife know the maths via DM Android App

    Sharon Friday, 22 April 2016 02:54 PM

    Its a fact that we are in a Economic crisis thanks to 6.2 million people.......Please use brain before voting next time.

    Aruna Friday, 22 April 2016 03:54 PM

    Damage is immense. Even MR comes into power tomorrow, the country won't be reinstated to where it was on Jan 08, 2015

    Madlin Friday, 22 April 2016 04:26 PM

    You are yet to comment on the trillions that went out of the country when you were a minister in your so called strong government of MR. via DM Android App


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