5 days bank holiday for domestic debt restructuring in Sir Lanka

Sri Lanka is set to observe a five-day bank holiday from June 29 to July 3, as announced by an official. The purpose of this extended holiday is to allocate sufficient time for the process of domestic debt restructuring.

This decision reflects the government’s commitment to address the country’s debt-related challenges and implement necessary reforms in the financial sector. The bank holiday provides an opportunity for stakeholders to coordinate efforts and work towards achieving a stable and sustainable economic environment.

During this period, individuals and businesses in Sri Lanka are advised to plan their financial transactions accordingly and make necessary arrangements to accommodate the temporary closure of banking services.