Money Printing Increases by Rs 47.73 Bn to Record Rs 1.8349 T

By Paneetha Ameresekere | Published: 2:00 AM Dec 1 2021
News Money Printing Increases by Rs 47.73 Bn to Record Rs 1.8349 T

By Paneetha Ameresekere 

Government of Sri Lanka’s (GoSL’s) face value money printing (FVMP) debt hit a new record, increasing by Rs 47,726 million (2.67 per cent/Rs 47.73 billion) to Rs 1,834,887.88 million (Rs 1.8349 trillion) due to a lack of revenue at yesterday’s (30 November) trading. GoSL’s FVMP debt has been over Rs one trillion for a record 89 consecutive market days to yesterday. 

In related developments, GoSL’s highest to the sixty second highest FVMP debt has been registered in the 62 consecutive market days to yesterday, 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. The only mandated authorized body to print money is CBSL. Yesterday’s Rs 47,726 million increase was however non-demand pull inflationary causing as it was used to meet an external and not a domestic commitment.

By Paneetha Ameresekere | Published: 2:00 AM Dec 1 2021

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