Central Banking

Sri Lanka's fin min denies signing banknotes

Sri Lanka's central bank has been forced to hold back huge quantities of new banknotes because Finance Minister Sarath Amunugama publicly denied signing them, an official said Thursday 29 July.

The new notes are worth a total of over 20 billion rupees ($285 million), according to an official quoted by AFP, who wished to remain unnamed.

"The new 1,000, 500, 50 and 10 rupee notes have been printed with the minister's signature," the official said, according to AFP.

"(But) with him saying he appro

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