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CHR accuses govt. of excessive printing of money in violation of agreement with IMF
The Island
|August 20, 2025
The Center for Human Rights and Research (CHR) Sri Lanka, in a statement issued recently has alleged that the National People's Power (NPP) government excessively printed money in violation of the agreement reached with the International Monetary Fund (IMF).
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Executive Director, CHR, Rajith Keerthi Tennakoon said that printing of money, declining foreign reserves, and rising domestic debt could pose a significant challenge to achieving the year's economic development targets, it said in a statement.
Tennakoon said: “From October 2024 to June 2025, the Central Bank of Sri Lanka printed Rs. 1,225.9 billion (or Rs. 1.2 trillion). The printing of money in violation of agreements with the International Monetary Fund could be the beginning of the country heading towards an economic crisis once again, according to the statement.
Dit verhaal komt uit de August 20, 2025-editie van The Island.
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