CB profit transfers to Govt. soar to Rs. 138 b in 8 years

Friday, 3 January 2014 04:31 - - {{hitsCtrl.values.hits}}

Central Bank Governor Ajith Nivard Cabraal yesterday revealed that profits transfer from his institution to the Government has soared substantially, thereby assisting in overall prudent fiscal management. “From 1977 to 2005, over a period of 29 years, the Central Bank made profit transfers amounting to Rs. 61 billion to the Government. However, since 2006, over the past eight years, the Central Bank has been able to make profit transfers of Rs. 138.4 billion to the Government,” Cabraal said yesterday.

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