TBs/Bonds for Lankan diaspora

The Government has decided to open the Rupee denominated Treasury Bill and Treasury Bond market for the Sri Lankan diaspora and migrant workforce from January 6.

This new initiative was announced in the Central Bank 'Road Map: Monetary and Financial Sector Policies for 2009 and beyond'.

Through this scheme, it is expected to widen the investor base, diversify the Government Securities market, make it more convenient for Sri Lankans living abroad to access Government Securities and to create a more stable Government securities market.

This scheme will also provide a safe and highly liquid investment opportunity for Sri Lankans living abroad, while providing them with an attractive return on their investments.

However, they are not permitted to utilize funds available in NRFC and RFC accounts or other foreign currency accounts in Sri Lanka to purchase Treasury Bills/Bonds under this scheme.