All posts tagged "CBSL"
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115Asia-PacificSri Lankan Banks Get Reprieve Amid Forex Crisis
Banks can use their CCB and operate at 90 percent LCR and NSFR. IMF loan not expected until at least August.
May 28, 2022 -
461Asia-PacificCBSL Direct Banks to Halt Dividends as Sri Lanka Crisis Ensues
Sri 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, 2022 -
404Asia-PacificSri Lanka Expects to Secure IMF Loan Within Two Months
Sri Lanka is trying to restructure its loans from Chinese banks, offering golden visas to foreigners, and relaxing rules on securities margin financing.
April 29, 2022 -
376Asia-PacificSri Lanka to Temporarily Stop Servicing Foreign Debt
The government is suspending repayment of foreign debt pending the completion of a loan restructuring programme with the IMF.
April 14, 2022 -
300Asia-Pacific
CBSL, Finance Ministry Declare Sri Lankan Banking System Stable
The 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, 2022 -
409Asia-Pacific
CBSL to Incentivise Green Finance, Create Taxonomy
Sri Lanka's banks and the private sector need to be incentivised to make investments in low carbon energy projects, the CBSL said.
March 30, 2022 -
534Asia-Pacific
CBSL Devalues Currency After IMF Calls for Market-based Rates
Sri 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, 2022 -
354Asia-Pacific
CBSL Calls on Public to Report Illegal FX Dealers
The 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, 2022 -
458Asia-PacificSri Lanka Launches National Remittance Mobile App
The 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, 2022 -
566Asia-Pacific
Sri Lanka Increasingly Vulnerable Amid Depleting FX Reserves
Sri 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
