CBSL

Monetary policy transmission to the real economy in Sri Lanka is still incomplete, the governor of the country’s central bank, Dr. Nandalal Weerasinghe, said at a LSEG FX Community Event on Monday (Aug 7). Weerasinghe said he would like…

The Central Bank of Sri Lanka (CBSL) has issued a clarification on the ‘misrepresentations of facts’ circulated with regard to the Indian Rupee (INR). A media release issued by the CBSL emphasized that the authorization of the Indian…

The central bank (CBSL) governor says Sri Lanka will have to go through another Domestic Debt Optimization (DDO) strategy if the targets of the current plan are not achieved. Dr. Nandalal Weerasinghe also noted that the DDO strategy…

The bank accounts of six individuals, identified as members of the Board of Directors of ‘ONMAX DT’, a private firm believed to be a pyramid scheme, have been frozen, on orders of the Colombo Chief Magistrate’s Court. Accordingly, the…

Debt-ridden Sri Lanka may need to cut interest rates again to further boost growth in its economy, according to the head of its central bank. Dr. Nandalal Weerasinghe, governor of the Central Bank of Sri Lanka, told CNBC Friday that…

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 200 basis points (bps) to 11.00 per cent and…

The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe says he is of the view that Sri Lanka must adopt new industrial strategies to direct the country’s industries towards a growth path. The CBSL chief further…

Central Bank (CBSL) governor says the banking system is excluded from the Domestic Debt Restructuring (DDR) process. Dr. Nandalal Weerasinghe explained that the banking system already contributes to the Treasury and the economy through…

The Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe states that an extended bank holiday was declared from June 29 to July 03, 2023, including June 30, in order to obtain necessary time required for the domestic…

The Sri Lankan Rupee continued to depreciate against the US Dollar, buying at Rs. 303.19 and selling at Rs. 318.99. The Sri Lankan Rupee has been depreciating against the US Dollar this week after strengthening significantly in the…