June 23, 2023
June 21, 2023
6min5
Cautions that preserving the status quo of failed borrowers at the expense of depositors is not sustainable Stresses need for development of an effective insolvency regime Discloses that moratoriums, restructurings and other forms of payment relief offered over the last three years exceeds Rs 2 trillion The Sri Lanka Banks Association (SLBA) […]
January 9, 2023
4min9
The liquidity deficit in the domestic money market, which remained significantly high during the first half of 2022, declined in the latter part of 2022. However, in spite of the improvements in money market liquidity conditions, market interest rates continued to remain high, partly due to subdued activity in the domestic money […]
December 29, 2022
2min3
The Monetary Board of the Central Bank of Sri Lanka decided to cancel the Finance Business Licence issued to Swarnamahal Financial Services PLC (SFSP), in terms of Section 37(3) of the Finance Business Act, No. 42 of 2011 (FBA) with effect from 28th December 2022. Accordingly, SFSP is not permitted to engage […]
October 4, 2022
6min5
04 October 2022, Colombo: Representing yet another key stride taken to ensure that Sri Lanka will be able to reap the benefits of a digital tomorrow, LANKAQR, a project initiative from the Central Bank of Sri Lanka (CBSL), recently launched its inaugural webinar series to educate the public on how LANKAQR intends […]
September 28, 2022
4min15
The Central Bank of Sri Lanka co-hosted the CBSL-ADBI-APAEA Online Macroeconomics Conference for the third consecutive year, in collaboration with the Asian Development Bank Institute (ADBI) and the Asia-Pacific Applied Economics Association (APAEA), on 23 September 2022. This year’s theme remained same as the previous year; ‘Emerging Issues for Macroeconomic Stability’. Inaugurating the Conference, […]
August 15, 2022
4min7
The Central Bank of Sri Lanka (CBSL), with a view to broadening its engagement with key stakeholders of the economy, established the Stakeholder Engagement Committee (SEC) by replacing the Monetary Policy Consultative Committee (MPCC) and the Financial System Stability Consultative Committee (FSSCC) of the CBSL that were in operation previously. The […]
August 1, 2022
5min3
The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor that is contributing to the current crisis and the resultant hardships is the lack of foreign exchange liquidity in the banking […]
August 1, 2022
3min8
Mr. Anthony Nihal Fonseka has been reappointed as a member of the Monetary Board of the Central Bank of Sri Lanka (CBSL) with effect from 27 July 2022 for a period of six years. Previously, he served on the Monetary Board from July, 2016 to May 2020 and from May 2022 […]
July 18, 2022
4min7
To All the Party Leaders Representing the Parliament, The primary demand of the people’s movement held on July 9, 2022 was to compel the then President Gotabhaya Rajapaksa and the Prime Minister Ranil Wickremesinghe to step down. Prime Minister Ranil Wickremesinghe has been appointed to fill the vacant position due to […]
