Sri Lanka

Central Bank of Sri Lanka - Annual Report 2005

According to the Central Bank of Sri Lanka's Annual Report 2005, Sri Lanka's economy demonstrated its resilience once again in 2005 by growing at a rate of 6 per cent, exceeding expectations in the immediate aftermath of the tsunami disaster of 2004.

Overhaul enhances Sri Lanka's standing in world

According to this article published on Tuesday 28 March, prominent among Sri Lanka's economic and financial reforms in the last two decades was the creation of a modern sophisticated payments infrastructure.

Sri Lanka's economy overcomes tsunami setback

The Central Bank of Sri Lanka has released its report on Recent Economic Developments - Highlights of 2005 and Prospects for 2006. The Report highlights the performance of the economy in 2005 and prospects for 2006.

Sri Lanka's Mendis on central bank governance

In a speech given on 29 January (published 11 Feb) Sunil Mendis of the Central Bank of Sri Lanka said the strategic plan of a central bank should be formulated in such a way that it strategically links its goals, objectives and action plans to the…

BIS Red Book on payment systems in Sri Lanka

The Central Bank of Sri Lanka (CBSL) announced on Tuesday that the Bank for International Settlements (BIS) has published the Red Book, 'Payment Systems in Sri Lanka' prepared jointly by the Central Bank of Sri Lanka and the Committee on Payment and…

Sri Lanka's Mendis on post-disaster rebuilding

In the speech 'Creating a challenging and stimulating work environment' given on 1 January, Sunil Mendis of the Central Bank of Sri Lanka said that with the magnitude of the disaster, there is no question that our nation needs to be rebuilt. Hence, as…

Mendis on a common currency in the SAARC region

In the speech 'Is it time for a common currency in the SAARC region?' given on 20 August, Sunil Mendis of the Central Bank of Sri Lanka said as conservative central banks, our involvement in the forex markets is limited to strategic investments and…

Sri Lanka's Mendis on financial IT

In the speech 'A brief look at financial information technology' given on 8 September Sunil Mendis of the Central Bank of Sri Lanka said that in a market driven financial system, for information to be effective, there should be two vital ingredients,…

Sri Lanka's fin min denies signing banknotes

Sri Lanka's central bank has been forced to hold back huge quantities of new banknotes because Finance Minister Sarath Amunugama publicly denied signing them, an official said on Thursday 29 July.

Central Bank of Sri Lanka - Annual Report 2003

The Central Bank of Sri Lanka has published its Annual Report for the year ended 2003. In 2003, Sri Lanka's economy recorded a real GDP growth of 5.9 per cent. This growth indicated the progress made by Sri Lanka to improve economic growth and…

Sri Lanka's settlement systems implemented

LogicaCMG has announced that it has successfully implemented the Real Time Gross Settlement (RTGS) System and the Scripless Securities Settlement (SSS) System for the Central Bank of Sri Lanka (CBSL).

Sri Lanka to introduce secure cheque clearance

Sri Lanka is to introduce a secure cheque clearance system before the end of this year to speed up banking services. A government spokesman, reported by the Sri Lanka Daily News, said the system would be an essential of the government's project to…

Central Bank of Sri Lanka - Annual Report 2002

The Central Bank of Sri Lanka has published its Annual Report for the year ended 2002. Notable progress was made on all fronts during 2002, the Annual Report says. The cessation of hostilities and the ongoing peace process brought not only a sense of…

Sri Lanka cb wants anti-money laundering law soon

The governor of Sri Lanka's central bank A.S. Jayawardena told a seminar Thursday that the country should implement anti-money laundering laws as soon as possible to prevent Sri Lanka from being blacklisted by the international community, the Daily News…

Sri Lanka finalising scripless settlement system

The Central Bank of Sri Lanka is in the process of finalising the details of a scripless securities settlement system to be implemented next September, a central bank official said Tuesday.

Central Bank of Sri Lanka signs RTGS deal

Logica announced Wednesday that it has signed a deal worth US$9 million to implement the Real Time Gross Settlement (RTGS) System and the Scripless Securities Settlement (SSS) System for the Central Bank of Sri Lanka (CBSL).

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