• Implementing a Mobile Application "SL- Remit" to facilitate Foreign Remittances

    The Central Bank of Sri Lanka (CBSL) had appointed a Working Committee to study and suggest new remittance channels for Sri Lanka and to make recommendations on reducing the cost of remitting money, having identified the need to introduce new and low cost remittance channels with the objective of increasing the inflows of foreign remittances while discouraging the use of informal channels.

    The Working Committee comprised experienced professionals from Bank of Ceylon, People’s Bank, Sampath Bank PLC, Commercial Bank of Ceylon PLC, Hatton National Bank PLC, The Hongkong and Shanghai Banking Corporation Limited, Cargills Bank Ltd, Dialog Axiata PLC, Mobitel (Pvt) Ltd and CBSL.

  • Central Bank of Sri Lanka Co-hosts the CBSL-ADBI-APAEA Online Macroeconomics Conference

    The Central Bank of Sri Lanka co-hosted the CBSL-ADBI-APAEA Online Macroeconomics Conference for the second consecutive year, in collaboration with the Asian Development Bank Institute (ADBI) and the Asia-Pacific Applied Economics Association (APAEA), on 30 September 2021. This year’s theme was Emerging Issues for Macroeconomic Stability.

  • Release of ‘A Step by Step Guide to Doing Business in Sri Lanka’

    The ninth edition of the series ‘A Step by Step Guide to Doing Business in Sri Lanka’ published by the Central Bank of Sri Lanka (CBSL) is now available, in English medium, for the public. This is a source document, which contains information relevant for the business community and foreign investors, and facilitates saving their time and cost in accessing such information. The booklet encompasses, in a single source, all prevailing regulations applicable for starting, operating, and closing a business enterprise in Sri Lanka and the other information useful for potential entrepreneurs.

  • Release of “Sri Lanka Socio Economic Data – 2021” Publication

    “Sri Lanka Socio Economic Data – 2021”, the annually published data folder of the Central Bank of Sri Lanka, is now available for public information. The current data folder is the 44th volume of the series.

    This booklet contains information categorised under 14 topics, namely, Country Profile; Key Economic Indicators; Country Comparisons; Socio Economic Conditions; Human Resources; National Accounts; Agriculture; Industry; Economic and Social Infrastructure; Prices and Wages; External Trade and Tourism; External Finance; Government Finance; and, Money, Banking and Finance. As the data folder presents a wide range of socio economic data of current interest in summary form, it will be a very useful reference material for policy makers, researchers, academics, professionals, students and the general public.

  • CCPI based Inflation decreased to 5.7 per cent in September 2021

    Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100), decreased to 5.7 per cent in September 2021 from 6.0 per cent in August 2021. This was due to the statistical effect of the high base prevailed in September 2020. Subsequently, Food inflation (Y-o-Y) decreased to 10.0 per cent in September 2021 from 11.5 per cent in August 2021, while Non-food inflation (Y-o-Y) increased to 3.8 per cent in September 2021 from 3.5 per cent in August 2021.

    The CCPI, measured on an annual average basis, increased to 4.5 per cent in September 2021 from 4.3 per cent in August 2021.

  • Announcement of The Six-Month Road Map for Ensuring Macroeconomic and Financial System Stability

    The Governor of the Central Bank of Sri Lanka (CBSL), Mr. Ajith Nivard Cabraal, will be unveiling ‘The Six-Month Road Map for Ensuring Macroeconomic and Financial System Stability’ on Friday, 01 October 2021. The event will be held at the Atrium of the CBSL and the proceedings will commence at 10.00 a.m.

    Due to the prevailing COVID-19 pandemic situation and in keeping with required social distancing, participation would be strictly limited to invitees. However, the presentation by the Governor will be livestreamed on YouTube and Facebook.

  • The Significance of Repatriation and Conversion of Export Proceeds for External Sector Stability and Overall Financial System Stability

    Sri Lanka’s merchandise export sector has shown a notable improvement in 2021 compared to the pandemic-affected 2020. As per the latest Customs data, export earnings have averaged US dollars 985 million during the eight months ending August 2021 compared to a monthly average of US dollars 837 million in 2020, while the average earnings have amounted to US dollars 1,064 million during June-August 2021. This is an appreciable development as the merchandise export sector (comprising diverse products) is the largest foreign exchange earner in most countries, including Sri Lanka.

  • Meeting between the Governor of the Central Bank of Sri Lanka (CBSL) and Bangladesh High Commissioner to Sri Lanka

    The Governor of the Central Bank of Sri Lanka, Mr. Ajith Nivard Cabraal met with Bangladesh High Commissioner to Sri Lanka, His Excellency Tareq Md Ariful Islam today, to discuss strengthening of economic ties and greater utilization of the Colombo Port for Bangladesh exports.

  • Government of Sri Lanka has extended the deadline for Request for Proposals (RFPs) for the Foreign Currency Term Financing Facility

    Ministry of Finance (MoF) has extended the closing date for the submission of Request for Proposals (RFP) for the Foreign Currency Term Financing Facility for the Government of Sri Lanka 2021. The links in the MoF website and the External Resources Department (ERD) website are as follows:

  • NCPI based Inflation decreased in August 2021

    Headline inflation, as measured by the year-onyear (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100), decreased marginally to 6.7 per cent in August 2021 from 6.8 per cent in July 2021. This decline was entirely due to the statistical effect of the high base prevailed in August 2020. Meanwhile, Food inflation (Y-o-Y) increased marginally to 11.1 per cent in August 2021 from 11.0 per cent in July 2021, while Non-Food inflation (Y-o-Y) decreased to 3.0 per cent in August 2021 from 3.2 per cent in July 2021.

    The NCPI, measured on an annual average basis, increased marginally to 5.5 per cent in August 2021 from at 5.4 per cent in July 2021.

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