The reserve bank was out and about today to deal with the fallout from its earlier decision.
The deputy governor, Peter Kukaros, confirmed that the bank was suspending all bank loans for two weeks while the country grapples with the crisis.
“We have to protect the people of Sri Lanka and we should be responsible and responsible to the people who are struggling with our banking system,” Mr Kukaros told Sky News.
Mr Kukaros said the bank’s decision was the result of an overwhelming assessment by its two senior executives which it would face again soon and would be based on its long-term진주출장마사지 view of the economic environment and its ability to respond appropriately to the needs of the people.
It comes just days after Prime Minister Mahinda Rajapaksa announced that the bank was likely to be sold or taken into private hands as a “strategic buyout” by the end of this week.
‘Not just banks but business organisations are suffering’
In a statement to the media at the peak of yesterday’s action, the bank admitted it had become bogged down in liquidity problems.
“It is true that most banks in the country now have excessive liquidity, but we have also id하하 포커entified a해운대출장마사지 number of businesses that have suffered from the current situation and that we need to take the necessary steps to restore liquidity to them.”
“While we must continue to do everything we can to help our clients manage their money and protect their money, the government has made decisions that make us unable to assist and safeguard their money from being damaged in times of financial turbulence.”
Sri Lanka’s Central Bank Governor, K P Srisombananandan, said the government would introduce steps to ensure the stability of the economy, a message echoed by the bank today in its statement.
“We can only do this if we take action to get out of the current position. Any of these steps must be implemented in advance of the market opening to give the time, resources and space necessary to move forward. To date, it has taken us a considerable time to get our feet under the proverbial table and realise the needs of the people.”
Mr Srisombananandan said the bank had been “in a tough time” in the last few days but was doing its best to regain its confidence.
He said his team was assessing the situation at all levels, but he believed it would take longer to recover money than to reinvigorate the banking sector.
“We’re dealing with the proble