Cabinet Spokesperson Minister Vijitha Herath has dismissed social media posts suggesting that fresh loans were obtained and money was printed.
He clarified that there has been no new borrowing from any country or institution. The Central Bank’s standard procedure is to issue new securities when existing ones reach maturity, which is what occurred this time as well.
Minister Herath emphasized that no new loans have been secured, nor has any money been printed.
He explained that the President, who also serves as the Finance Minister, must sign every currency note if money is being printed. To date, no currency note bearing the signature of President Anura Kumara Dissanayake has been issued. He challenged anyone to present such a note if it exists, reiterating that no such currency note has been issued.
Minister Herath dismissed the fake news claiming that a billion rupees was printed as completely false, reaffirming that no fresh notes were printed and no new loans were obtained.