ECONOMYNEXT - Sri Lanka has raised a limit on selling dollar denominated Sri Lanka Development Bonds to 3.0 billion in 2017, the government said.
The cabinet of ministers had approved a proposal to more dollar debt, by Finance Minister Ravi Karunanayake.
The move was due to 'low liquidity' in Treasury bills and bonds, a statement said.
Dollar denominated SLDB's are sold to mainly to domestic investors who are permitted to have foreign currency accounts, including banks and exporters.
The cabinet of ministers had approved a proposal to more dollar debt, by Finance Minister Ravi Karunanayake.
The move was due to 'low liquidity' in Treasury bills and bonds, a statement said.
Dollar denominated SLDB's are sold to mainly to domestic investors who are permitted to have foreign currency accounts, including banks and exporters.
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