Central Bank standing by to ease liquidity crunch

Sri Lanka’s money markets opened for trading on Monday and Central Bank is standing by to provide liquidity needs of money and foreign exchange markets, officials said. Sri Lanka’s money markets opened for trading on Monday and Central Bank is standing by to provide liquidity needs of money and foreign exchange markets, officials said. But the Colombo Stock Exchange is closed for trading on Monday as Sri Lanka takes stock of the economic and human devastation of the tidal wave that hit the country.

“We have decided not to trade today,” CSE’s General Manager Marketing Rajeeva Bandaraike said.

Sri Lanka’s to beach resorts which have been the top performers of the exchange have been badly hit by the tidal wave.

Tourists have died and hotel properties washed away. Stockmarkets throughout asia had taken a hit after in early morning trade on Monday.

-LBO Newsdesk: lboemail@vanguardlanka.com