Home
 Press Releases & Speeches
 About the Bank
 Monetary Policy
 Financial System Stability
 Currency Management
 Agency Functions
 Statistics
 Laws & Regulations
 Publications
 Education
 Service & Career Opportunities
 
About the Bank
Organisational Structure

Monetary Board
The Central Bank has a unique legal structure in which the Central Bank is not an incorporated body. In terms of the Monetary Law Act, the corporate status is conferred on the Monetary Board, which is vested with all powers, functions and duties. As the governing body, the Monetary Board is responsible for making all policy decisions related to the management, operation and administration of the Central Bank.

The Monetary Board of the Central Bank consists of five (5) members
The Governor
The Secretary to the Ministry of Finance ( ex-officio )
Three (3) non - executive members

The Governor is the Chairman of the Monetary Board and also functions as the Chief Executive Officer of the Central Bank. The Governor and the non-executive Board members are appointed by the President, on the recommendation of the Minister of Finance. The approval of the Constitutional Council is also required for the appointment of the non-executive Board members. The term of office of the Governor and the non -executive Board members is six (6) years. The quorum for Monetary Board meetings is three (3) members. The concurrence of three (3) members is required for decisions of the Monetary Board to be valid. However in cases where a unanimous decision is required, the concurrence of all five (5) members is necessary.
search
> FAQs
> Links
> Site Map
> Contact Us
> Disclaimer
About the Bank
Overview
History
 
Brief History
  Former Governors
Vision, Mission & Values
 
Vision
  Mission
  Values
Objectives & Functions
Organisational Structure
 
Monetary Board
  Monetary Board Advisory Audit Committee
  Departments
  Organisational Chart
  Principal Officers
Provincial Offices
  Library & Information Centre
  Currency Museum
  Annual Report
 
 
© Central Bank of Sri Lanka. Allrights reserved 2010. Site by SLT Web Services