Sri Lanka Central Bank Governor answers question from public

Oct 03, 2014 (LBO) – Sri Lanka Central Bank Governor Nivard Cabraal held a question and answer from public on 24th September, 2014 via twitter, a social network. The live Q n A session took place via twitter account of #askcbsl at 10 am to 11 am (SL time).

Media Release by Central Bank of Sri Lanka

The first part with 59 Questions and Answers sets out the live Twitter exchange between 10.00 a.m. and 11.00 a.m. with the Governor on 24th September 2014.

The second part contains the answers of the Governor for questions that could not be answered during the above one hour session. Questions that were repeated have not been included.

The Governor and the Central Bank wishes to thank all those who participated in the Twitter Session.

Part I

1. Still no PayPal for Sri Lanka?

There is some progress on this matter and we are hopeful that it should happen by early next year.

2. Do you think that our budget allocation for R&D is enough?

Allocations are always difficult because there are many competing interests. There are also many tax incentives provided.

3. What is your outlook for the interest r