Soon after a crisis erupted on Friday February 27, 2015 when the CB accepted bids for Rs. 10 billion, 900 per cent more than the advertised amount of Rs. 1 billion, an association represented dealers met at an emergency session and decided to meet the CB’s Superintendent of Public Debt whose department handles these issues.

Traders have told Business Times that a meeting-request letter was sent on March 2 but a response had not been received as yet as of Thursday.

The issue of accepting bids over the advertised amount has been nagging primary dealers for many years, and it was brought to the notice of the earlier administration too.