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Foreign investors buy US$570mn dollars of Sri Lanka stocks, bonds

Dec 28, 2017 12:15 PM GMT+0530 | 1 Comment(s)

ECONOMYNEXT - Sri Lanka's government bond and stock markets have seen 572 million US dollars flow in up to December 26, 2017, the central bank said.

Foreign investors had bought 452.1 million US dollars of government bonds and 120.1 million US dollars of stocks.

In 2015 Sri Lanka experienced capital flight as the central bank printed money to worsen a credit bubble leading to a currency collapse.

Sri Lanka is expecting to end the year with foreign reserves of 7.8 billion dollars, central bank officials said. (Colombo/Dec27/2017)
 


 

1 Comments

  1. ValueCreater December 28, 03:18 AM

    Security prices were so mis-priced due to the bond scam and willful destruction of equity values by the leadership at CSE that it became a no brainer for regional funds to move in. Unfortunately, Sri Lankans and Sri Lankan investors lost out. What is bad - pump and dump or county's financial assets being siphoned off to foreign hands?
    Why do you need to colonize a country when there are institutions like CSE (specifically the leadership) give foreign investors money for jam (favorable risk return profile)I do hope we have an inquiry on the negligence and complicity on the part of CSE leadership and duly punished

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