Business

CBSL in talks to secure additional USD 1B under a Special Bilateral Swap Agreement with RBI

The Central Bank of Sri Lanka (CBSL) is in talks to secure an additional USD 1 billion, under a Special Bilateral Swap Agreement with the Reserve Bank of India (RBI) , it was announced yesterday.

US$ 400 M currency swap facility to CBSL from Reserve Bank of India

The Reserve Bank of India has signed necessary documents for extending a US$ 400 million currency swap facility to the Central Bank of Sri Lanka. This currency swap arrangement will remain available till November 2022.

CBSL clarifies its Repurchase Agreement with the Federal Reserve Bank, NY

The Central Bank yesterday clarified its Repurchase Agreement with the Federal Reserve Bank, New York and noted that many central banks in the world have resorted to this facility to meet their short-term US dollar liquidity requirements.

CBSL announces restrictions on outward remittances to preserve foreign currency reserve position

The Central Bank of Sri Lank (CBSL) today announced the suspension of the general permission granted to make outward remittances for investments overseas through the Outward Investment Accounts by persons resident in Sri Lanka excluding a few categories.

Three new Monetary Board members assume duties

Sanjeeva Jayawardena, PC, Dr Ranee Jayamaha and Samantha Kumarasinghe assumed duties as the newly appointed members of the Monetary Board of the Central Bank of Sri Lanka (CBSL) today.

External sector showed signs of stabilisation in May with removal of most lock-down measures, says CBSL

The Central Bank of Sri Lanka (CBSL) said yesterday that the external sector showed signs of stabilisation, with the removal of most lockdown measures in the second week of May,2020.

Around 19,000 TFC depositors paid compensation amounting to over Rs5.1B so far,says CBSL

A total of 19,279 depositors The Finance Company PLC have obtained their compensation payments from the Peoples’ Bank under the Sri Lanka Deposit Insurance and Liquidity Support Scheme (SLDILSS).