Search results
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Measures to Reduce Interest Rates, Enhance Market Liquidity & Finance the Government
... outside Sri Lanka under the provisions of the Foreign Exchange Act, - an additional investment to be made to fulfil the regulatory ... or branch offices in overseas up to a maximum of USD 20,000, for the purpose of working capital requirements of the investee, - ...
conedit1 - 22.09.2021 - 15:33
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Special Deposit Account with an Additional Interest
... person as permitted by Regulations made under the Foreign Exchange Act, No. 12 of 2017 . 2. How to open a Special Deposit Account? ... made to the Sri Lanka Customs (if the amount exceeds USD 15,000) and the relevant Authorized Dealer (if the amount equals or less ...
conedit1 - 13.07.2021 - 16:19
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Glossary
... No. 30 of 1988 authorized under section 4 of the Foreign Exchange Act, No.12 of 2017 as authorized dealer to deal in foreign exchange ... to the Department of Customs where foreign exchange exceeds USD 15,000 or its equivalent in other foreign currencies or an appropriate ...
conedit1 - 02.04.2025 - 16:49
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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
... to about 40 per cent and the face value of foreign debt from USD 34.1 billion at end 2019 to USD 32.2 billion by end March 2021, while ... 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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Foreign Sentiment Signals Confidence in Sri Lanka’s Economic Performance and Potential
... An International Sovereign Bond (ISB) amounting to USD 2.5 bn (the largest ever) was successfully issued. It was 2.6 times ... primary and secondary market investment in the Colombo Stock Exchange to the tune of USD 9. 6 mnto-date in 2018. In 2017, inflows amounted ...
conedit2 - 03.05.2018 - 16:07
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CBSL Disputes the Rating Agencies’ Latest Rating Decisions
... of International Sovereign Bond (ISB) maturities of USD 1 billion in January 2019 and USD 500 million in April 2019, the ... the space for intervening cautiously in the foreign exchange market to prevent excessive volatility. It is noteworthy that there has been a favourable adjustment in the exchange rate during recent days supported by rising foreign currency inflows which ...
conedit1 - 05.12.2018 - 09:59
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CBSL Determined to Curb Unwarranted Depreciation of the Rupee
... rupee. Gross external reserves are presently at a healthy USD 9.1 bn and the real effective exchange rate indices indicate that the currency is competitive. The ...
conedit4 - 17.05.2018 - 15:34
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External Debt and Reserves - Need to identify not only borrowings but also the debt repayments in analyzing how gross official reserves were utilized
... the country’s external position. While stating that around USD 8.9 billion of borrowings by the government were absorbed to Central Bank ... public debt. Central Bank purchases borrowed foreign exchange from the government by issuing rupees for the government to meet local ...
conedit1 - 24.05.2018 - 10:00
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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
... 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 ... currency notes as travel allowance only up to a maximum of USD 5,000 (or its equivalent in other foreign currency). The Central Bank ...
content_manager - 20.03.2020 - 11:39
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External Sector Performance – October 2022
... in October 2022, whereby earnings from tourism crossed over USD 1 bn during January-October 2022, while workers’ remittances reached ... in the government securities market and the Colombo Stock Exchange (CSE) recorded a marginal net inflow during October 2022. The Central ...
conedit1 - 08.12.2022 - 08:33