The 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, 2021Sri Lankan banks are charging heavy premiums to execute FX transactions, claiming to not have US dollars available.
October 4, 2021Sri Lankan companies will be allowed to raise debt and equity in foreign currency on the Colombo Stock Exchange. A new benchmark index is also being launched.
September 18, 2021The changes at the CBSL come as Sri Lanka faces depleting foreign exchange reserves and a weakening currency.
September 17, 2021Sri Lanka has imposed import restrictions to limit foreign currency outflows, while also borrowing more internationally to bolster its reserves.
September 13, 2021The BOK is looking to curb household debt and home prices. The CBSL wants to stem inflationary pressure and the depreciation of the local currency.
August 26, 2021The CBSL issued the directives after considering the possible adverse impact on liquidity and other KPIs of banks due to Covid-19.
July 28, 2021