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As you know His Excellency has already announced with the commencement of Yaal Devi Train that he will distribute all the Gold among Jaffna People which was earlier taken over by fallen LTTE Terrorist Leadership from Jaffna community.It was already on news on tv,print media and radio last few hours.
Accordingly Jaffna community is generally known as cash based transaction makers and they are mainly in to jewellery and pawning.Soon after 2009 May with the end of War, Sri Lanka's money circulation went up by Rs.50 billion with Jaffna and Northern and Eastern community joining the country's economy.
Now with Sri Lanka's first citizen distributing all the Gold among Jaffna community that was seized by state from LTTE Terrorist Gold Reserves in ground and other stockpiles...Jaffna community will borrow against that gold and subsequently the Cash in Circulation will go up and Banks with merging and consolidation will have more money to increase their Pawning.And Since unlike many other Jaffna Community loves Gold like Indians do...they always settle their dues timely and Banks will not face Non-Performing Advances portfolio going up in Pawning to Jaffna people.
With Pawning the money that comes in to Jaffna community will increase market participants and fresh flow of cash to market as Jaffna community loves many stocks such as CTHR,CARG,Hayleys,HNB,COMB and other banking sector and diversified sector shares.
Accordingly Jaffna community is generally known as cash based transaction makers and they are mainly in to jewellery and pawning.Soon after 2009 May with the end of War, Sri Lanka's money circulation went up by Rs.50 billion with Jaffna and Northern and Eastern community joining the country's economy.
Now with Sri Lanka's first citizen distributing all the Gold among Jaffna community that was seized by state from LTTE Terrorist Gold Reserves in ground and other stockpiles...Jaffna community will borrow against that gold and subsequently the Cash in Circulation will go up and Banks with merging and consolidation will have more money to increase their Pawning.And Since unlike many other Jaffna Community loves Gold like Indians do...they always settle their dues timely and Banks will not face Non-Performing Advances portfolio going up in Pawning to Jaffna people.
With Pawning the money that comes in to Jaffna community will increase market participants and fresh flow of cash to market as Jaffna community loves many stocks such as CTHR,CARG,Hayleys,HNB,COMB and other banking sector and diversified sector shares.
