Live from Twitter Q&A session with Central Bank Governor. 2nd such session for 2014.
Pics from event here
Here’s a complete list of questions and answers from today’s #AskCBSL session:
That wraps up the 2nd session of Twitter Q&A with Central Bank Governor. Thanks to all who joined in with the questions.
For all the Questions & Answers from the Twitter Q&A session with Central Bank Governor, pls click here https://twitter.com/CBSL/with_replies
Rudhu Gahalaya asks:
මහ බැංකුව අපිට ආදරෙයි නේද?
අපේ වගකීම ඉෂ්ට කිරීමෙන් අප පෙන්වා දී ඇත්තේ අපේ රටවැසියන් ගැන අපි කැක්කුමකින් කටයුතු කරන බවයි.
Sir, any suggestion/ directives from @CBSL to banking sector on improving private credit growth
Our policy action of yesterday addresses this issue. .
Yasas also asks 3 more questions for which the Governor responds
Azhar Razak asks:
Whilst CB held programs 2 encourage Islamic banking https://twitter.com/CBSL/status/505359624430968834 … #BBS demands it be taken off #lka banking system.Views?
Banking business is conducted according to the Sri Lankan Banking Act. Hence, there should be no concerns. .
1- Banks charge 24% p.a for overdue LC’s.This hurts entrepreneurs with very short term liquidity mismatches. Lot of excess CR in MKT
2- Appreciate that penal interest was capped with 2%. But banks use loop holes to exploit this.
1- That charge seems excessive and we will look into this matter. .
2- Please let us know what loophole is being used. We will deal with it.
We have a small 6 second vine video too for your viewing special
Mudhitha asks 2 more questions which the governor gladly responds:
2- Improving infrastructure and capacity building itself will not generate technology innovations. What else are you doing?
3- Colombo city is inundated with traffic. What is the loss of productivity due to traffic? Are there any plans to alleviate?
2-Without capacity building technology innovations won’t take place.Hence, it is vital that we continue this process.
3- Growing cities encounter this challenge. Better roads, good traffic manners and mass transportation will help..
Muditha Senarath Yapa asks:
Recently at a meeting you said by 2020 SL will have per capita income of $7500 – what would rural sri lankans get by 2020?
The incomes of rural sri lankans would also increase significantly from what it is today. Policy measures are in place.
So many Paypal questions!!
An English Gossip site also asks a question:
Governor, you were dismissive about BitCoins the last time you were asked about the topic. Have your views changed?
Question from Reshzan:
Do u think that our budget allocations for R&D is enough
Budget allocations are always difficult because there are many competing interests. There are also many tax incentives provided
Question from Pahan about Paypal
Pahan – still no paypal for sri lanka?
There is some progress on this matter and we are hopeful that it should happen by early next year.
Governor is here and answering questions from tweeps