Page 2 - Financial Repression News Today

“Nigeria must go cashless. It is a global policy, checking insecurity and fighting corruption": Central Bank of Nigeria Governor Godwin Emefiele

Sri Lankas private creditors are not looking for authorities to impose a haircut on domestic debt but a re-profiling to ensure that gross financing targets are met, sources familiar with the situation said.

Sri Lankas private creditors are not looking for authorities to impose a haircut on domestic debt but a re-profiling to ensure that gross financing targets are met, sources familiar with the situation said.

Sri Lankas sovereign bond holders are not likely to agree to any deal without domestic debt re-structuring, a media report said, though the islands authorities are trying to avoid a second domestic re-structing with rupee debt already hit by depreciation and inflation.

Sri Lankas CHEC Port City said China Harbour Engineering group had tied up with Saudi Arabia based Ajlan Brothers Holdings to invest in several projects in a special economic zone.

Https://youtu.be/Mio4I314rMo Click here or on the video above to view my most recent interview with the Financial Repression Authority. Our friends at MoneyTalks created a nice overview of the interview that you may read here.

Sri Lankas debt could be reduced to 101 percent of gross domestic product by extending the maturity of domestic debt by 10 years, Verete Research, a think has said.

Sri Lanka government and government guaranteed domestic currency debt broadly considered in debt review has shrunk by a 19.6 billion US dollar equivalent as the economy inflated in the worst currency crisis in the history of the islands intermediate regime central bank.

Sri Lanka is yet to make a final decision on whether to re-structure domestic creditors participating in an online forum were told by authorities as inflation and depreciation almost halved the value of domestic debt and pushed up nominal tax revenues already.

Sri Lanka higher rates have brought results but full restoration of monetary stability is still eluding the credit system with forex shortages still persisting and interest rates are higher than they need be due to lack of a credible peg or clean float.