Sri Lanka, Oct. 15 -- Cabinet Spokesman and Minister, Dr. Nalinda Jayatissa announced that the Sri Lankan Cabinet has approved the sale of foreign currency-denominated bonds in the domestic market.

The Minister stated that a survey has revealed a demand for approximately USD 100 million worth of bonds with a maturity period of one to three years.

The Government of Sri Lanka has also decided to issue domestic dollar-denominated bonds as a new debt instrument aimed at strengthening short-term liquidity within the domestic foreign exchange market.

These plans will be implemented through the Ministry of Finance, Planning & Economic Development and are expected to serve as a short-term liquidity management tool for maintaining financial sta...