Money Printing Hits Record High of Rs 1.7375T
By Paneetha Ameresekere
Government of Sri Lanka’s (GoSL’s) face value money printing (FVMP) debt sharply increased by 3.84 per cent (Rs 64,232 million) to a new record high of Rs 1,737,542.03 million (Rs 1.7375 trillion) on Friday (15) due to a sustained lack of revenue. Friday’s GoSL’s Rs 64,232 million FVMP debt increase was however noninflationary causing. GoSL’s FVMP debt has been over Rs one trillion for a record 61 consecutive market days to Friday.
In related developments, GoSL’s highest to the thirty-fourth highest FVMP debt has been registered in the 34 consecutive market days to Friday though not necessarily in a particular order. GoSL’s FVMP debt is equivalent to the FV of Central Bank of Sri Lanka’s Treasury Bill and Treasury Bond holdings.