Money Printing Hits New Record High at Rs 1.7430 Tn

By Paneetha Ameresekere | Published: 2:00 AM Oct 22 2021
News Money Printing Hits New Record High at Rs 1.7430 Tn

By Paneetha Ameresekere 

Government of Sri Lanka’s face value money printing (FVMP) debt continued to scale new heights due to a persistent lack of revenue, by increasing for the sixth consecutive market day to yesterday (21), with yesterday’s increase alone being by 0.07 per cent (Rs. 1.2 billion), thereby elevating FVMP debt to a new record high of Rs 1,742,950.03 million (Rs. 1.74 trillion). The Government’s yesterday’s Rs. 1.2 billion FVMP debt increase was however non-inflationary causing.

 Government’s FVMP debt has been over Rs 1 trillion for a record 63 consecutive market days to yesterday. In related developments, government’s highest to the thirty sixth highest FVMP debt has been registered in the 36 consecutive market days to yesterday, though not necessarily in a particular order. Government’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 22 2021

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