How’s that…..

The experts in the related fields are coming forward to reveal the actual situation of the statistics that the Ranil – Pohottu regime presents to declare that the country has recovered under their rule. The latest proof is found in the statistics presented, stating there were official foreign reserves of 5.5 billion dollars. Dr. W.  Wijewardena, a former Deputy Governor of the Central Bank, revealed a very important fact participating in Sirasa TV’s Mawatha programme last night. He revealed that $3 billion of the country’s official reserves of $5.5 billion are foreign loans. He also explained that the approximate amount of another 1.5 billion dollars has been given under the Chinese credit facility, which cannot be transacted in the open market. Dr. Wijewardena explained that Sri Lanka had earned only about 1 billion dollars in foreign reserves.
Meanwhile, Professor Wasantha Athukorala of Peradeniya University’s Department of Economics also revealed last week that although the foreign reserves were highlighted with the composition as pointed out by Dr. Wijewardena, a debt amount of 5.8 billion dollars had been accumulated by suspending the payment of foreign loan instalments and interest.

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