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The Central Bank of Sri Lanka ( abbr. CBSL; Sinhala: ශ්රී ලංකා මහ බැංකුව, romanized: Sri Lanka Maha Bankuwa) is the monetary authority of Sri Lanka. It was established in 1950 under the Monetary Law Act No.58 of 1949 (MLA) and in terms of the Central Bank of Sri Lanka Act No. 16 of 2023, the CBSL is a body ...
A central bank was set up and Sri Lanka became a member of the IMF entering the Bretton Woods system of currency pegs on August 29, 1950. [68] By 1953 exchange controls were tightened with a new law. [69] The economy was then progressively controlled and relaxed in response to foreign exchange crises as monetary and fiscal policies deteriorated.
The Central Bank of Sri Lanka has issued commemorative coins since 1957. On 15 December 2010, to mark the 60th Anniversary, the Central Bank of Sri Lanka issued a frosted proof crown size multi-colour silver commemorative coin in the denomination of Rs. 5,000/-. It was the first multi-colour coin issued by the Central Bank.
Telecommunications in Sri Lanka commenced in 1858 after the first telegraphic circuit between Colombo and Galle was commenced. The sector continues to grow in the modern times. The sector continues to grow in the modern times.
SriLankan lost 36.3 billion rupees up to August 2020 and the government approved a voluntary retirement package for 560 employees at a cost of 1.46 billion rupees. [ 24 ] From May 2022, due to the ongoing economic crisis in Sri Lanka which resulted in the country facing a fuel shortage, SriLankan's long-haul flights had to make stopovers at ...
But Sri Lanka still has to put the finishing touches on a preliminary agreement with bondholders on restructuring $12.5 billion of debt ahead of a third IMF review later this year.
It is considered as one of the most systemically important banks in Sri Lanka. It is the largest lender to Sri Lanka's Small and Medium Enterprise sector. [7] The Ministry of Finance of Sri Lanka revealed that the Commercial Bank of Ceylon was the biggest lender to SME sector for the year 2020 amounting to an estimated amount of 21.6 billion ...
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