Hirunews Logo
1.5+billion+lost+in+Greek+bonds
Saturday, 07 July 2012 - 14:13
1.5 billion lost in Greek bonds
10

Shares
1,236

Views

The Central Bank has yesterday admitted that the country had lost over 1.5 billion rupees by investing in Greek bonds.

This revelation was made to Committee of Public Enterprises during a hearing yesterday in Parliament.

Central Bank Governor Nivard Cabraal who attended the meeting had admitted that the loss was following the monetary authority in 2011 investing in Bonds of Greece, the financially bankrupt Euopean nation which had to be bailed out recently.

In response to queries how much of funds had been invested in Greek Bonds, answers had been vague.

The Central Bank was summoned by COPE following a request made by the opposition to COPE Chief MP Dew Gunasekara.

The disclosure yesterday follows the main Opposition UNP questioning in Parliament several months back about the investments of Central Bank though originally the House was told that specific investments cannot be divulged.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE