President Ranil Wickremesinghe has assured that the restructuring of the local debt will have no impact on the stability of Sri Lanka’s banking system.
The President has assured that domestic debt restructuring will not affect the stability of Sri Lanka’s banking system including any state or private bank under the supervision of the Central Bank.
According to the President’s Media Division (PMD), President Wickremesinghe also noted that the local debt restructuring will not affect the deposits in the banking system.
He also said that restructuring of domestic debt will not affect the member balance of any superannuation funds, including the EPF, ETF & the rate of return of superannuation funds that have been paid in the pas
He further assured that it will also not affect any interest on bank deposits that is currently being paid.
Sri Lanka is in the midst of restructuring its debt with discussions underway with its creditors and domestic debt restructuring. (NewsWire)