Reuters – Sri Lanka plans to restrict foreign holdings of government securities to a maximum 5% from the current 10% to prevent possible hot money flows and improve the quality of reserves, the country’s central bank chief said on Wednesday. The surprise move comes after the island nation suffered about $1 billion in foreign outflows […]
The post Sri Lanka to halve maximum foreign holding limit in govt securities appeared first on Sri Lanka News - Newsfirst | Breaking News and Latest News provider | Political | Sports | International | Business.
0 Comments