The Central Bank yesterday printed the highest amount of money recorded in a single day to bridge a budget hole, amid shrinking tax income, largely due to virus-related lockdowns and increased expenditure to contain the virus, The Daily Mirror newspaper reported.
Sri Lanka printed a whopping Rs.208.45 billion on Monday, after printing Rs.23 billion last week, taking the total treasury bill stock held by the Central Bank to over a trillion rupees, the Daily Mirror newspaper report added.
With yesterday’s fresh liquidity, the Central Bank holdings of government securities or the printed money stock reached Rs.1,127.65 billion, from Rs.919.22 billion on June 25.
(Newswire)
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