SL central bank invests in Greek bonds, despite losses

by admin
Jul 18, 2012

Sri Lanka's Central Bank has invested reserve money into Greek bonds this year, despite a US$ 6.6 million loss made on Greek bonds last year.

According to the Central Bank, the loss is offset by higher returns from other investments.

Speaking in parliament, the senior minister for International Monetary Cooperation, Sarath Amunugama, said,

"All bonds were issued by The Hellenic Republic Ministry of Economy and Finance Public Debt Management Agency on behalf of the Government of Greece. This is the official agency for issuing government bonds in Greece similar to the function of Central Bank in Sri Lanka."

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