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Cabraal meets Sri Lankan diaspora

Governor, Central Bank of Sri Lanka Ajith Nivard Cabraal, on his recent visit to Washington DC met the Sri Lankan diaspora in Washington D.C., Virginia and Maryland.

During this meeting, arranged by the Sri Lanka Embassy in Washington D.C., Cabraal elaborated the advantages of investing in Government Securities. He compared the rates of return on similar investments in the US and other markets with that of Government Securities in Sri Lanka. He emphasized that investment in Government Securities by foreigners will be exempted from taxes and rates quoted are net of tax.

These securities are issued by the Government and therefore, they are free of credit risk. Thus the investment would provide a rare opportunity of being risk free while giving a high return to the investor.

Investors showed enormous enthusiasm and indicated their willingness of investing on Treasury Bills and Bonds issued by the Government to take advantage of these benefits.

Sri Lanka's Ambassador to the US, Jaliya Wickremasuriya, Deputy Chief of Mission, Tissa Wijerathne, Minister Commercial, Nimal Karunathilaka and K G D D Dheerasinghe, Alternate Executive Director at the International Monetary Fund were also present at the meeting.

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