Colombo, June 26 (SocialNews.XYZ) Sri Lanka will have a five-day bank holiday from June 29 to July 3 to provide time for domestic debt restructuring, an official said.
Sri Lankan Central Bank Governor Nandalal Weerasinghe told the media that bank transactions would not be affected during that period.
Earlier, Weerasinghe emphasized that financial sector stability was a key objective of the central bank, and measures would be taken to ensure the protection of public deposits and the overall stability of the banking system.
Sri Lanka announced a suspension of foreign debt repayments in April 2022 when it was hit by its worst financial crisis since independence.
The International Monetary Fund in March this year approved a 48-month extended arrangement under the Extended Fund Facility to support Sri Lanka's economic policies and reforms.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
