Sri Lanka calls five-day bank holiday for loan restructuring

Sri Lanka Central Bank HQ building
The Central Bank of Sri Lanka
Amithasundar

Sri Lanka’s authorities closed commercial banks for five working days to allow the country to restructure its domestic loans, starting on June 29.

The country is trying to resolve an economic crisis that has seen it unable to import vital food, energy and medicine. Sri Lanka’s government will ask parliament to approve the domestic loan restructuring proposals on July 1.

The country’s Treasury secretary and central bank deputy governor, Mahinda Siriwardana, said the plan would enable Sri Lanka

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