Wednesday, January 2, 2019

Sri Lanka to Halve Maximum Foreign Holding Limit in Govt Securities to 5 Percent

The surprise move comes after the island nation suffered about $1 billon in foreign outflows from rupee-denominated government securities in 2018. Nearly 42 percent of these outflows were in the last couple of months in the aftermath of a political crisis triggered by President Maithripala Sirisena sacking Prime Minister Ranil Wickremesinghe.

from Top World News- News18.com http://bit.ly/2VpPnbK

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