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
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. ...
CBSL: In terms of Section 35 of the Monetary Law Act No. 58 of 1949, the seventy first Annual Report of the Monetary Board of the Central Bank of Sri ...
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) decreased to 3.9 per cent in April 2021 from 4.1 per cent in ...
In lieu of May Day, which falls on a Saturday, the Central Bank of Sri Lanka (CBSL ) has declared a special half-day bank holiday for tomorrow (April 30). (May ...
Central Bank of Sri Lanka: Revised Regulations issued under the Foreign Exchange Act, No.12 of 2017 Regulations issued under the Foreign Exchange Act, No. 12 of 2017 (FEA) have been ...
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) increased to 5.1 per cent in March 2021 from 4.2 per cent in ...
Sri Lanka’s Central Bank has decided to reduce the percentage of mandatory conversion requirement of export proceeds from 25 percent to 10 percent considering the requests from the exporters. The ...
The Central Bank of Sri Lanka (CBSL) confirms that the Sri Lankan Rupee has depreciated further against the US Dollar. As a result, one US Dollar is currently selling for ...
While Sri Lanka often engage in technical assistance with the IMF and both sides are planning the upcoming consultations in Article IV towards the end of this year, the Central ...
The Commercial Bank of Ceylon (ComBank) demonstrated its continuing support to the Central Bank initiative to promote cashless digital payments via the LANKAQR platform when it joined the ‘රටපුරාම LANKAQR’ ...
Considering the recent inquiries on virtual currency usage in the international and domestic markets, Sri Lanka’s Central Bank (CBSL) Friday cautioned the public of the risks associated with investing in ...
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