INSUBCONTINENT EXCLUSIVE:
The Governor of the Central Bank of Sri Lanka (CBSL), Dr
Nandalal Weerasinghe states that an extended bank holiday was declared from June 29 to July 03, 2023, including June 30, in order to obtain
necessary time required for the domestic debt optimization strategy of Sri Lanka.Making a special statement regarding the matter this
evening (25), the CBSL chief also assured that no deposit in any bank in the country will be affected in the process of restructuring
sufficient number of days for domestic debt optimization strategy that has been discussed with the Central Bank and the Ministry of
Weerasinghe emphasized that the strategy has to be announced, implemented and obtain the proper approval process from the Cabinet of
Ministers, committees in the parliament and also the parliament debates, adding that the process requires at least around 04
Chief also mentioned that even though June 30th is a bank holiday, all the banking activities that can be done during the period, with banks
Weerasinghe ensured that there will be no reduction of bank deposits that people are having in commercial banks and non-banking
institutions, and also no reduction will take place in interest rates that they are currently receiving in terms of their contracts with the
special bank holiday on June 30, 2023.This was announced in a special gazette notification issued by Prime Minister Dinesh Gunawardena in
his capacity as the Minister of Public Administration, Home Affairs, Provincial Councils - Local Government.The special bank holiday was
declared under Section 10(1) of the Holidays Act, No
