Basil blames Treasury bond issue for interest rate hike
Posted on October 6th, 2016


Owing to the controversial Treasury bond issue, interest rates in Sri Lanka have started to go up, former Minister Basil Rajapaksa says.

He expressed this view while speaking at a press conference held in Colombo this afternoon (06). He pointed out that interest rates have increased to 12.35 per cent from 6.2 per cent within a year after the new government came into the power.

This includes interest rates relating to housing loans, bank loans and gold pawning rates,” the former Minister added. He went on to say the controversial Treasury bond issue has resulted in a loss of Rs.5200 million annually as well.

Sri Lanka secured Rs.1600 millions in foreign investments mainly during the term of the former government, now it has decreased to Rs.900 millions,” he charged. – See more at:


One Response to “Basil blames Treasury bond issue for interest rate hike”

  1. Lorenzo Says:

    True. SL is now like TAMIL MADU.

    ALL top posts are RESERVED for TAMILIANS. Others cannot become central bank governor or chief justice.

    Once you control the CENTRAL BANK and the SUPREME COURT, you control the country!!

    5.2 BILLION rupees loss ANNUALLY is PROFIT for that fraud Tamil Madu company that bought bonds ANNUALLY.

    Good that Chingala people have NO grievances. Otherwise they will RISE against these frauds.

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