Regulatory Alerts2020-06-19 | Banking Act Direction No. 5 of 2020Investments in Sri Lanka International Sovereign Bonds by Licensed Commercial Banks and National Savings Bank
The Central Bank of Sri Lanka directs licensed commercial banks and the National Savings Bank to suspend purchasing Sri Lanka International Sovereign Bonds for three months. Implemented with immediate effect, this directive aims to alleviate exchange rate and financial market stress triggered by the Covid-19 pandemic. The suspension does not apply to bond purchases funded by new foreign currency inflows into the banks.
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