The Cabinet last week approved the repayment schedule prepared by the Central Bank of Sri Lanka (CBSL) for resolving the difficulties faced by the Golden Key depositors.
Accordingly, as its first step the General Treasury has granted an advance of Rs. 544.3 million for the repayment to deposit holders who have deposits worth less than Rs. 2 million.
The proposal made by Finance Minister, Ravi Karunanayake to release an advance of Rs. 3,945.6 million from the General Treasury to the CBSL for the repayment of the second stage for depositors holding deposits from Rs. 2 – 10 million and to reimburse the said amount to the General Treasury by liquidation of assets of the GKCCCL, was approved by the Cabinet of Ministers.