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, 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, 2022Directors must undergo annual performance assessments and impose measures to limit related party transactions and manage conflicts of interest.
January 13, 2022The 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, 2021