The CBSL has raised the amount of foreign currency banks have to sell to the central bank from 10 to 25 percent of inward remittances and export proceeds.
January 3, 2022A newly-formed committee will identify the CCP's operating model and propose the necessary procedures for its establishment, including procurement.
January 3, 2022The rules require banks to establish an Information Security Committee, chaired by the CEO, to assess the strategic and operational management of the technology risk.
December 28, 2021Foreign workers have been using Hawala channels for remittances, as they offer better rates than formal banking channels.
December 7, 2021Sri Lankan bankers estimate that nearly 50 percent of the proposed LKR 304 billion in the budget will come from the financial services industry.
November 18, 2021LANKAQR targets SMEs and customers will not be charged for payments made by scanning a QR code with their mobile device.
November 13, 2021The committee will advise Sri Lanka's cabinet on a regulatory framework for Sri Lanka for blockchain, digital banking and crypto mining.
October 15, 2021The central bank is working with banks, mobile operators, and government agencies to launch a new mobile app for inward remittances.
October 13, 2021The RBNZ increased its official cash rate for the first time in seven years to contain inflationary pressures and cool the housing market.
October 8, 2021Export proceeds must be repatriated and converted to local currency. The loan moratorium will be unwound gradually. Liquidity support will be provided to banks.
October 7, 2021