Cash liquidity problem

[TamilNet, Friday, 10 April 1998, 23:59 GMT]
Jaffna was hit by an unprecedented cash shortage Thursday. Business and advance payments to government servants for the Tamil New year were affected by this cash liquidity crisis. The SLA is said to be flying in further supplies of paper money, said sources.

Meanwhile, doubts that a food shortage could occur in the Jaffna District has prompted authorities here to request a three month buffer stock of essential food items be built up in the local stores, said sources.

However, the request, a senior official in the Sri Lankan Government (SLG) told the TamilNet correspondent, seemed to have fallen on deaf ears.

A three month buffer stock would have to include 10,690 metric tons of rice, 2,430 m.t of sugar, 930 m.t of dhal and 570 m.t of milk food.

K. Mahalingam, Director of the Jaffna's Planning Secretariat said that of the requirement only 35% of stocks were available.

Besides, of these requirements, only the demand for rice could be satisfied, and that only partially, from local production said officers. Sugar, dhal and milk food have to be entirely transported to Jaffna totally from outside the peninsula.

 

Latest 15 Reports
21.09.17 22:14  
Champoor Tamils’ security, livelihood threatened by US military partnership with genocidal Sri Lanka
20.09.17 23:37   Photo
Sathasivam papers on Sumerian-Tamil connections see the light of day
19.09.17 22:53  
Tamil village in Batticaloa-Polonnaruwa border Sinhalicized by Mahaweli authority, Survey Dept
18.09.17 18:18   Photo
Uprooted people find houses destroyed by SL Navy in Ira'nai-theevu after 2008
17.09.17 22:07  
Muslims oppose Colombo's ‘Sinhala-only’ policy in public administration of Ampaa'rai
16.09.17 23:49  
Families of enforced disappeared want answers, no deceptive bills to genocidal system
15.09.17 23:30   Photo
30th remembrance of Lt Col Thileepan strengthens resolve among Eezham Tamils
14.09.17 22:52   Photo
Sirisena’s Mahaweli ministry twists old records to Sinhalicize Paduvaankarai
13.09.17 16:39  
EPRLF opposes 20A to SL Constitution, ITAK duo wrongs again says Premachandran
12.09.17 23:17   Photo
Alienate lands to Sinhala colonists or face transfer: SL Governor warns Tamil DS in Vanni
11.09.17 12:10  
Risking legal action, Hakeem wants to transfer lands to Hizbulla’s colony in Batticaloa
10.09.17 23:24   Photo
Uprooted fishermen vow to continue their fight for Pa'l'li-munai in Mannaar
09.09.17 23:29  
Mano Ganesan’s NGO Secretariat restricts freedom of organisation in Batticaloa
08.09.17 19:23  
I'rakkaamam Police behaves as occupying Sinhala Force: Muslims
07.09.17 18:03  
SL Attorney General's Dept., TID continue to conspire against Tamil political prisoners
 
Find this article at:
http://www.tamilnet.com/art.html?catid=13&artid=1264