Sri Lanka prints more money as CBSL only managed to sell 33% of the target amount at T-Bill auction

CBSL had to print another LKR 43Bn on Friday, the settlement date of the T-Bill maturities as the T-Bill auction was only able to generate little less than 50% of the money that need to repay to domestic investors. CBSL had to settle LKR 64.6Bn to domestic investors and they only managed to sell LKR 30.8Bn worth of T-bills and the balance had to print and settle by the investors.