Monday’s money printing breaks record

By Paneetha Ameresekere | Published: 2:00 AM Oct 20 2021

By Paneetha Ameresekere

Government of Sri Lanka’s (GoSL’s) face value money printing (FVMP) debt increased for the fifth consecutive market day to Monday (18), with Monday’s increase alone being by 0.24 per cent (Rs 4,127 million), thereby taking GoSL’s FVMP debt to a new record high of Rs 1,741,669.03 million (Rs 1.7417 trillion) due to a sustained lack of revenue. 

Monday’s GoSL’s Rs 4,127 million FVMP debt increase was however  non-inflationary causing. GoSL’s FVMP debt has been over Rs 1 trillion for a record 62 consecutive market days toMonday (18). In related developments, GoSL’s highest to the thirty-fifth highest FVMP debt has been registered in the 35 consecutive market days to Monday, though not necessarily in a particular order. GoSL’s FVMP debt is equivalent to the FV of Central Bank of Sri Lanka’s (CBSL’s) Treasury (T) Bill and T Bond holdings.  

By Paneetha Ameresekere | Published: 2:00 AM Oct 20 2021

More News