News Updates from Central Bank of Sri Lanka (CBSL)
About Central Bank of Sri Lanka
The Central Bank of Sri Lanka (CBSL) is the apex institution in the financial sector in Sri Lanka. It was established in 1950 under the Monetary Law Act No. 58 of 1949 (MLA) as a semi-autonomous body and is governed by a five member Monetary Board.
The CBSL seeks to achieve and maintain two core objectives to maintain a healthy and stable economic and financial system while maximising resource utilisation effectively. These objectives are:
1. The maintaining of economic and price stability
2. The maintaining of financial system stability
The MLA has also granted the CBSL sole authority to issue currency notes and coins to the public. Therefore, the Bank is responsible for currency issuance and management.
The CBSL is advisor on economic affairs and Banker to the Government of Sri Lanka (GoSL). As agent to GOSL the CBSL is tasked with managing the Employees’ Provident Fund, managing the country’s public debt, providing exchange control services and administration of foreign and government funded credit schemes to enhance access to finance for regional development.
The Governor of the CBSL functions as its Chief Executive Officer while the senior management consists of the Senior Deputy Governor, Deputy Governors, Assistant Governors and Heads of Departments in addition to the Governor. The Bank consists of 30 Departments headed by a Director or its equivalent and 6 Regional Offices headed by a Regional Manager. Apart from the Internal Audit Department and Financial Intelligence Unit which report directly to the Governor, all other Departments report to the Governor or Deputy Governor through an Assistant Governor.- CBSL
On 25 Jan 2021, Dr. Nandalal Weerasinghe, the Governor of Central Bank of Sri Lanka (CBSL), expressed his optimism at a press conference on Monetary Policy Review No. 01 of ...
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 decreased further to 59.2% in December 2022 from 65.0% in November 2022. Similarly, ...
The Central Bank of Sri Lanka (CBSL) has directed licensed commercial banks and licensed specialized banks (hereinafter referred to as licensed banks) to extend the debt moratorium to COVID-19 affected ...
In August 2021, Sri Lanka received its share of the global SDR allocation by the IMF and the initial disbursements under the bilateral currency swap arrangement between the Central Bank ...
It has been brought to the attention of the Central Bank that messages are being circulated stating that credit card, debit card and other stored value card holders are restricted/prohibited ...
The Monetary Board of the Central Bank of Sri Lanka (CBSL), at its meeting held on 18 August 2021, decided to increase the Standing Deposit Facility Rate (SDFR) and the ...
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100), remained unchanged at 6.1 per cent in June 2021 due to the statistical ...
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 07 July 2021, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing ...
Prints whopping Rs.208.5bn on Monday after printing Rs.23bn last week Total Treasury bill stock held by Central Bank now stands at over a trillion rupees The Central Bank yesterday printed ...
Sri Lanka's Central Bank Chief today assured the business and investor communities that the government will meet its debt service obligations on time, and urged them to remain calm and ...
The Central Bank (CBSL) has requested that Licensed Finance Companies and Specialised Leasing Companies – Non-Banking Financial Institutions (NBFIs) – make concessions to their borrowers who have been affected by ...
The Central Bank of Sri Lanka (CBSL), with a view of encouraging foreign currency inflows to the country, invites the private sector to pursue avenues to raise offshore funding leveraging ...
Provision of Banking Services Amidst the COVID-19 Outbreak The Central Bank of Sri Lanka (CBSL) upon obtaining approval/consent of the Director-General of Health Services and the Inspector General of Police ...
Considering the difficulties faced by the borrowers of licensed banks due to the third wave of COVID- 19 pandemic, the Central Bank of Sri Lanka (CBSL) has requested licensed commercial ...
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100)1, increased to 4.5 percent in May 2021 from 3.9 percent in April 2021. ...
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100), increased to 5.5 per cent in April 2021 from 5.1 per cent in ...
Due to the country's travel restrictions, the Central Bank of Sri Lanka has announced that arrangements have been made to provide Employees' Provident Fund Department (EPF) services remotely and regionally. ...
Sri Lanka’s Central Bank releasing the monetary policy review on Thursday said the Monetary Board has decided to continue the current accommodative monetary policy stance. Accordingly, the Monetary Board of ...
Central Bank by virtue of the powers vested under Section 19 (1) read together with section 19 (2) of the Financial Transactions Reporting Act, No. 06 of 2006 (FTRA), financial ...
Sri Lanka announced on Friday that its economy shrank by 3.6 per cent last year. This marks the worst economic downturn for the country since independence from Britain since 1948. ...
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