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Tuesday, 18 December 2012 - 13:01
Sri Lanka and Mongolia forex debt ratios high: Fitch Report
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Fitch Ratings said in a report which tracked 12 emerging Asian nations that Foreign currency denominated debt is expected to fall as a ratio of current receipts in except for Sri Lanka and Mongolia, where it will remain high.

At the regional level, FC-denominated debt is projected to decline as a ratio of current external receipts.

However analysts say under laws governing Sri Lanka's central bank, all maturing state dollar debt can be directly settled against available foreign reserves when they fall due posing absolutely no threat to domestic monetary system or economy.

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