Sri Lankan governor says system is sound despite lender failing
Central bank governor also says there is no chance of sovereign default as budget is suspended
Sri Lanka’s central bank governor has threatened to prosecute those spreading what he called “false” information about the country’s financial system, after a bank failed.
In mid-May, the central bank also issued a statement saying the country’s sovereign debt was safe and that there was no chance of a default.
Central Bank of Sri Lanka (CBSL) governor, WD Lakshman, issued an official statement on June 7 saying the banking system was sound. Lakshman said un-named individuals had been
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