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The Central Bank of Sri Lanka ( abbr. CBSL; Sinhala: ශ්රී ලංකා මහ බැංකුව, romanized: Sri Lanka Maha Bankuwa) is the monetary authority of Sri Lanka. It was established in 1950 under the Monetary Law Act No.58 of 1949 (MLA) and in terms of the Central Bank of Sri Lanka Act No. 16 of 2023, the CBSL is a body ...
Sri Lanka's newly appointed Central Bank Governor Nandalal Weerasinghe sharply raised policy rates on April 8 allowing interest rates to go up and reduce money printing. By end March foreign reserves were down to US$1.9bn and there were concerns over their actual usability since about US$1.5bn which had come from a Renminbi swap from China.
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
The Sri Lankan central bank increased its standing lending facility rate by 100 basis points to 15.50% while the standing deposit facility rate was similarly raised to 14.50%, the highest since ...
Central Bank of Sri Lanka bond scandal. Central Bank of Sri Lanka bond scandal which is also referred as CBSL bond scam was a financial laundering scam which happened on 27 February 2015 and caused losses of more than US$ 11 million to the nation. [1] The bond scam is also regarded as the largest reported financial scam in Sri Lanka despite the ...
The attack took place on 31 January 1996, in the Sri Lankan city of Colombo. A lorry containing about 440 pounds of high explosives crashed through the main gate of the Central Bank of Sri Lanka, a seaside high-rise which managed most of the financial business of the country. As gunmen traded fire with security guards, the suicide bomber in the ...
Today, the entire banking sector in Sri Lanka offers automated banking systems with ATMs for customers, for faster, and after-hour services. The working hours of the Sri Lankan banking sector have now changed from 8 hours, 5 days a week system to a 24/7 service. Telephone banking and internet banking [11] [12] facilities have become more ...
The Governor of the Central Bank of Sri Lanka (CBSL) functions as the chief executive of the Sri Lankan central bank. The post is the ex-officio chairperson of the Monetary Board of Central Bank of Sri Lanka. Since its establishment in 1950, the CBSL has been headed by sixteen governors. The governor has two deputies and several assistant ...