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The Central Bank of Sri Lanka Introduces Urgent Measures to Ease the Pressure on the Exchange Rate and Prevent Financial Market Panic due to the COVID-19 Pandemic
... Act No. 58 of 1949, the Banking Act No. 30 of 1988, and the Foreign Exchange Act No. 12 of 2017, the Central Bank of Sri Lanka introduced several ...
content_manager - 20.03.2020 - 11:39
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Statement by Deshamanya Professor W D Lakshman, Governor of the Central Bank of Sri Lanka on Foreign Currency Liquidity in the Domestic Market
... various individuals and media about an assumed shortage of foreign currency liquidity in the domestic market, preventing banks from ... to fuel adverse speculation about the future path of the exchange rate and the ability of the Government to service its obligations. ...
conedit1 - 28.06.2021 - 20:10
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The Government and the Central Bank of Sri Lanka Introduce Further Measures to Preserve the Foreign Currency Reserve Position of Sri Lanka
With the view of preserving the foreign currency reserve position of the country, minimizing the existing pressure on the exchange rate and considering the possible negative impact to the Sri Lankan economy due ...
content_manager - 09.04.2020 - 20:32
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Proposed additional incentive scheme for expatriate workers’ remittances and exporters to be rescinded
... of the Central Bank of Sri Lanka to allow flexibility in the exchange rate, the exchange rate seems to have now reached a level surpassing ... the current exchange rate provides a higher return on the foreign exchange remittances of expatriate workers and a higher rupee value on ...
tmadmin - 19.03.2022 - 18:19
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Measures to Encourage Offshore Borrowings by Private Sector
... Central Bank of Sri Lanka (CBSL), with a view of encouraging foreign currency inflows to the country, invites the private sector to pursue ... of Finance and in line with provisions of the Foreign Exchange Act No. 12 of 2017 (FEA). In this regard, to hedge the foreign ...
conedit1 - 08.06.2021 - 06:45
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External Sector Performance - May 2022
... remittances increased in May 2022, compared to April 2022. Foreign investment in the government securities market and the Colombo Stock Exchange (CSE) recorded marginal net inflows during May 2022. Considering the ...
conedit1 - 12.07.2022 - 08:13
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External Sector Performance - October 2020
... remittances and the resultant stability in the domestic foreign exchange market. While imports continued to be restrained under low global oil ...
conedit1 - 14.12.2020 - 19:24
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External Sector Performance – February 2022
... remittances continued to moderate in February 2022. Foreign investment in the Colombo Stock Exchange (CSE) recorded a net inflow during the month. The weighted average ...
tmadmin - 15.05.2022 - 14:35
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Monetary Policy Review - No. 7 of 2017
... structural reforms and the realisation of inflows of foreign investments over the medium term are expected to improve the resilience ... the year. Although tourist arrivals and associated foreign exchange inflows grew on a cumulative basis, workers’ remittances continued ...
content_manager - 07.11.2017 - 11:33
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External Sector Performance - September 2020
... remittances and the resultant stability in the domestic foreign exchange market. The trade deficit improved in September 2020, compared to a ...
content_manager - 09.11.2020 - 15:15