MP rises to new high of Rs 1.6071 Tn

By Paneetha Ameresekere | Published: 2:00 AM Sep 20 2021
News MP rises to new high of Rs 1.6071 Tn

By Paneetha Ameresekere 

Government of Sri Lanka’s (GoSL’s) face value money printing (FVMP) debt increased for the sixteenth consecutive market day to Friday due to a lack of revenue, with Friday’s increase alone being Rs 29,536.33 million (1.87 per cent), therewith upping its total FVMP debt as a whole to a record high figure of Rs 1,607,146.46 million (Rs 1.6071 trillion). Of GoSL’s FVMP debt increase of Rs 29,536.33 million of Friday’s, Rs 3,236 million (Rs 3.236 billion) was demand-pull inflationary causing. 

GoSL’s highest to the fifteenth highest FVMP debt has been registered in the 15 consecutive market days to Friday, though not necessarily in a particular order. The highest, Rs 1.6071 trillion was recorded on Friday 17 September, the second highest figure of Rs 1.5776 trillion was on Thursday 16 September, the third highest Rs 1.5560 trillion on Tuesday 14 September, the fourth highest Rs 1.5498 trillion on Wednesday 15 September, the fifth highest Rs 1.5429 trillion on Monday 13 September, sixth highest FVMP debt of Rs 1.5409 trillion on 10 September, seventh highest figure of Rs 1.5324 trillion on 8 September, eighth highest figure of Rs 1.5307 trillion on 7 September, ninth highest figure of Rs 1.5306 trillion on 9 September, tenth highest figure of Rs 1.5285 trillion on 3 September, eleventh highest figure of Rs 1.5279 trillion on 6 September, twelfth highest figure of Rs 1.5118 trillion on 2 September, thirteenth highest figure of Rs 1.4991 trillion on 1 September, fourteenth highest figure of Rs 1.3658 trillion on 31 August, and the fifteenth highest figure of Rs 1.3177 trillion on 30 August respectively. GoSL’s FVMP debt has been over Rs 1 trillion for a record 42 consecutive market days to Friday

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

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