Cushioning the financial burden o/a Covid-19



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The government is to issue Promissory notes, with a face value of Rs: 100,000/-, Rs. 500,000/-, and Rs. 1,000,000/-, signed by the Prime Minister/(Minister of Finance) and the Governor of the Central Bank, payable on demand, to a total value of around Rs: 50 Bn.


* To help the National Cause notes to be marketed, to the public through, Commercial Banks, at a discounted price of 3%.


* All sale proceeds will go in to a special designated account, at the Central Bank.


=Provided the rehabilitation process goes on efficiently, and the progress made, pricing of these vouchers will vary, over a period of time, and even be saleable at a premium.


Rienzie Wijetilleke


Colombo 07


 
 
 
 
 
 
 
 
 
 
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