Central Bank Further Extends Ban On Perpetual Treasuries To Facilitate Internal Investigations

The Central Bank of Sri Lanka has extended  the ban on Perpetual Treasuries by six months, prohibiting them from carrying out business activities as a primary dealer. 

The move is aimed at facilitating investigations carried out by the Central Bank into Perpetual Treasuries. 

The ban has been imposed in line with regulations made under the Registered Stocks and Securities Ordinance and Local Treasury Bills ordinance. 

The Presidential Commission of Inquiry into the Treasury Bonds issue stated that the company had made undue profits of over Rs. 11 billion from the bond fiasco. 

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