Banks can use their CCB and operate at 90 percent LCR and NSFR. IMF loan not expected until at least August.
May 28, 2022Sri Lanka has appointed a new prime minister after protests turned violent. Banks are told to suspend discretionary payments through the "prevailing macroeconomic tumult"
May 13, 2022Sri Lanka is trying to restructure its loans from Chinese banks, offering golden visas to foreigners, and relaxing rules on securities margin financing.
April 29, 2022The government is suspending repayment of foreign debt pending the completion of a loan restructuring programme with the IMF.
April 14, 2022The Finance Ministry of and CBSL were responding to rumours of a default by a state bank, which reportedly did not have enough FX to honour a swap with two other banks.
April 1, 2022Sri Lanka's banks and the private sector need to be incentivised to make investments in low carbon energy projects, the CBSL said.
March 30, 2022Sri Lanka's official exchange rate has been effectively pegged to the USD since April 2021. The IMF called for a return to a market-determined and flexible exchange rate.
March 11, 2022The public is asked to inform the Foreign Exchange Department of CBSL of any person, institution or any other entity that is engaged in unauthorized FX dealings.
March 4, 2022The new mobile app is expected to lower the cost of inward remittances by foreign workers and reduce the use of black market channels.
February 21, 2022Sri Lanka is seeking advice from the IMF and credit from China, India, Pakistan and Australia, while the central bank offers to pay migrant workers for FX inflows.
February 3, 2022