Oct 24, 2008 (LBO) – Sri Lanka's central bank says it is ready to accommodate additional foreign currency outflows from foreign bond holders even as snowballing T-bill purchases showed pressure building up in the monetary system.
By Thursday the treasury bill stock held by the central bank, which is an indication of new money 'printed' to accommodate dollar outflows arising from central bank foreign exchange market interventions, had shot up to 59 billion rupees.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment