The special deposit account (SDA), which was announced during the peak of a potential foreign exchange crisis amidst the Covid-19 outbreak last year, has significantly raised more than $ 400 million in deposits as of last week. As of today, the SDA has exceeded $ 400 million of deposits,” the official noted. However, an exact current figure for deposits under the SDA facility could not be obtained, as attempts to reach the Treasury in this regard proved futile. The SDA facility was introduced by the Government on 8 April 2020. With reference to CBSL official statistics, as of 7 October 2020, total deposits in SDAs amounted to approximately $ 272 million.

Source: The Nation June 12, 2021 22:52 UTC