Former Deputy Governor of the Central Bank of Sri Lanka W.A. Wijewardene points out that there is a deficit of 455 billion rupees.
He added that the crisis was exacerbated by the artificial control of interest rates and exchange rates.
He said this while posting a note on his Twitter account.
“SL is to enter 2022 with double whammy:no forex & rupee liquidity in banks;net rupee deficit in banks have increased to Rs455bn requiring @CBSL to meet it daily under its standing lending facility at 6%;CB must fund now both Govt & com banks to keep system going” he said
