@CBSL

The Central Bank of Sri Lanka is the apex institution in the financial sector in Sri Lanka.

 Sri Lanka
cbsl.gov.lk
Joined July 2009
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High Commissioner reiterated that #India will continue to be a steadfast partner in 🇱🇰’s economic recovery in his meeting with @CBSL Governor. Discussed early launch of UPI payment system in SL, growth in INR trade settlements and 🇮🇳's support in 🇱🇰's debt restructuring process.
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(1/2) Government has not made any decision to restructure domestic debt as negotiations of treatments on external debt still been discussed with external bilateral and commercial creditors. – at Sri Lanka
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Pleased to share the full discussion that I had with Bloomberg's @haslindatv & @YvonneManTV this morning. @CBSL @business #Growth #SLDB #Debt #SWAPs #Tourism #SriLanka #lka #GoSL bloomberg.com/news/videos/20…

Watch Sri Lanka Central Bank Governor on Inflows, Economy, Policy - Bloomberg

Central Bank of Sri Lanka Governor Ajith Cabraal discusses the country's efforts to avoid a debt default, the outlook for the economy and monetary policy. Cabraal said Thursday that most holders...

bloomberg.com
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Deeply welcome the understanding reached between the Governments of #SriLanka and #India today (15th) which will help to greatly stabilize Sri Lanka's external sector further. @CBSL #lka
Dr. S. Jaishankar
@DrSJaishankar15 Jan 2022
Just concluded a detailed virtual meeting with Sri Lankan Finance Minister @RealBRajapaksa. Reaffirmed that India will be a steadfast and reliable partner of Sri Lanka.
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The deductions permitted are: outward #remittances in respect of current transactions, withdrawal in #forex as permitted, #debt servicing expenses, purchases of goods and services, and #investments in #SLDBs. @CBSL #SriLanka #facts
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#Remittances by Sri Lankan #expats are NOT subject to rule on conversion of #export proceeds, as those are not considered "services exports". Hence, those can't & won't be converted into LKR without the #consent of the recipient. @CBSL #SriLanka #facts
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In the case of #merchandise or #services exports by resident Sri Lankans, #residual earnings have to be converted into LKR after deducting the permitted payments. @CBSL #SriLanka #Facts
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Rumors that there is a change in exchange #rate #policy are fake. @CBSL #fakenews #SriLanka
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Don't be misled by false rumours & fake news re. #Forex විදේශ විනිමය පිළිබඳව අසත්‍ය කට කතා සහ තොරතුරු වලින් පරිස්සම් වන්න. @CBSL #Facts #SriLanka #GOSL
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Securitised Financing Arrangement based on workers’ #remittances Sri Lanka aims to #securitise a max of 10% of converted remittances already being purchased by the @CBSL from banks: this alternative should have been explored in the post-2014 era, without increasing #ISB exposure
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Remittances by Sri Lankan expats are NOT subjected to the rule on #mandatory conversion of #export proceeds, as those #remittances are not considered a "services export" @CBSL #SriLanka #GOSL
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Outward remittances in respect of current transactions, withdrawal in #forex as permitted, #debt servicing expenses, purchases of goods and services, investments in SLDBs are allowed before converting export earnings into #LKR under the rule issued by @CBSL. #SriLanka #GOSL
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#Export proceeds are no longer subjected to the 25% mandatory conversion rule issued by @CBSL. Instead, the residual after allowing for permitted #debits, need to be converted into #LKR. #SriLanka #GoSL
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Moody’s, in its typical haste, has once again failed to recognise Sri Lanka’s improving #economic conditions and investor sentiments. Decisive efforts by #GOSL and @CBSL to boost #forex inflows, irrationally ignored. @MoodysInvSvc #SriLanka
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The @CBSL has received information regarding #financial frauds committed by organized groups by using forged documents. I urge the #public not to fall prey to such scams and to be vigilant in this regard. #SriLanka
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In keeping with our 6 month Road Map, the @CBSL just issued the new Rules on the Conversion of #Export Proceeds that will be applicable to all exporters of goods & services. These rules are bound to stabilize the external sector significantly. #SriLanka #Roadmap
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Qatar Central Bank Governor met with Governor of Central Bank of Sri Lanka, currently visiting the country. During the meeting, they reviewed existing bilateral relations in the financial and banking field and ways to enhance them. #QNA
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Central Bank's Research Team made a fact based statement that a large quantum of #export proceeds had not been repatriated and converted into #LKR since 2020. Those exporters who have repatriated and converted, needn't get excited. @CBSL #SriLanka #Facts
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Had an interesting conversation with the Bloomberg team this morning. Discussion centered on #Inflation, #Debt, #Growth and #Reserves. @business @CBSL #SriLanka #Bloomberg bloomberg.com/news/videos/20…

Watch Sri Lanka Central Bank Chief Pledges to Ease Asset Purchases - Bloomberg

Central Bank of Sri Lanka Governor Ajith Nivard Cabraal discusses the state of the economy and monetary policy. Cabraal, who led the central bank from 2006 until early 2015, returned as governor this...

bloomberg.com
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What is your outlook for the interest rates and inflation? #AskCBSL @CBSL
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