Search results
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Extension of the validity period to open Special Deposit Accounts and permission to retain funds held in such accounts in Sri Lanka
... potential of SDAs to attract a substantial amount of foreign exchange into the country and the resultant positive impact on the foreign ... considering the favorable effects of retaining such foreign exchange within the country, GOSL has allowed SDA holders, who wish to keep ...
conedit1 - 01.12.2020 - 16:39
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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
... to fuel adverse speculation about the future path of the exchange rate and the ability of the Government to service its obligations. ... created some unnecessary short-term imbalance in the foreign exchange market between inflows and outflows. However, it must be noted that ...
conedit1 - 28.06.2021 - 20:10
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Public Awareness in Relation to the Use of Virtual Currencies in Sri Lanka
... as per the Directions No. 03 of 2021 under Foreign Exchange Act, No. 12 of 2017 issued by the Department of Foreign Exchange of CBSL, Electronic Fund Transfer Cards (EFTCs) such as debit cards ...
conedit1 - 12.07.2022 - 16:18
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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
... of the country, minimizing the existing pressure on the exchange rate and considering the possible negative impact to the Sri Lankan ... outside Sri Lanka under the provisions of the Foreign Exchange Act, or b. investments to be made to fulfill the regulatory ...
content_manager - 09.04.2020 - 20:32
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Future Benefits for Sri Lankan Expatriates Working Abroad to be Linked to Quantum of Remittances
... employed abroad have been an important flow of foreign exchange into the country, with an annual average value of over US dollars 7 ... are expected to be linked to the amount of foreign exchange so remitted to Sri Lanka. Operational details of proposed incentive ...
conedit1 - 11.11.2021 - 11:22
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Unwarranted Rating Action by S&P amid Arrangements to settle ISB Maturity in January 2022
... sectors of the economy and many measures to shore-up foreign exchange inflows. In fact, these repeated rating actions, which have undermined and delayed the efforts of authorities’ to augment foreign exchange inflows, have negatively affected investor confidence, potential ...
tmadmin - 12.01.2022 - 22:23
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Moody’s Latest Rating Decision is Unfounded
... obligations while intervening cautiously in the foreign exchange market to prevent a disorderly adjustment of the exchange rate. In addition, the fiscal and macro prudential measures that are ...
conedit2 - 21.11.2018 - 18:34
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Monetary Policy Review - No. 8 of 2017
... partly benefiting from the implementation of a more flexible exchange rate regime. However, the trade deficit widened during the first ten ... to government securities market and the Colombo Stock Exchange (CSE) were observed. The receipt of the fourth tranche of the Extended ...
content_manager - 27.01.2018 - 14:42
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Central Bank of Sri Lanka hold its 11th International Research Conference
... An invited presentation, titled “On the Role of the Exchange Rate in an Inflation Targeting Strategy”, was delivered by Dr. Hans ... of macroeconomic and financial system stability and that the exchange rate should be considered as a tool to help achieve these ultimate ...
conedit2 - 13.12.2018 - 14:21
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Payments and Settlements Systems
... to banks, governments and international participants exchange monetary value within an economy and across national borders. It is ... Operations, the Rupee leg of transactions in the foreign exchange market, urgent payments of customers and net obligations under the ...
admin - 20.02.2024 - 10:44