COLOMBO, Jun 26 (NNN-XINHUA) – Sri Lanka will have a five-day bank holiday from Jun 29 to Jul 3, to provide time for domestic debt restructuring, an official said, yesterday.
Sri Lankan Central Bank Governor, Nandalal Weerasinghe, told the media that, bank transactions would not be affected during that period.
Earlier, Weerasinghe emphasised that, financial sector stability was a key objective of the central bank, and measures would be taken to ensure the protection of public deposits and the overall stability of the banking system.
Sri Lanka announced a suspension of foreign debt repayments in Apr, 2022, when it was hit by its worst financial crisis since independence.
The International Monetary Fund in March this year, approved a 48-month extended arrangement under the Extended Fund Facility to support Sri Lanka’s economic policies and reforms.– NNN-XINHUA
