Sri Lankan governor obeyed president’s call for credit easing – reports
Central bank closes down two more deposit-taking institutions in signs of further strain
The Central Bank of Sri Lanka is implementing further measures to increase the supply of credit, with some local media outlets reporting the action was taken on the orders of the country’s president.
If accurate, the reports indicate that Sri Lanka’s recently elected president is exercising a greater degree of direct control over the central bank than his immediate predecessor.
The new measures come as the central bank suspended two more deposit-taking institutions, in a further sign that the
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