Regulatory Alerts2023-08-10 | Operating Instructions No: 35/01/005/0007/19Central Bank of Sri Lanka Operating Instructions on Reserve Requirements
The Central Bank of Sri Lanka mandates that all licensed commercial banks maintain reserves against Sri Lankan Rupee deposit liabilities at a rate of two percent. This directive, issued by the Monetary Board under the Monetary Law Act, replaces Schedule A of previous operating instructions to standardize reporting. The new reserve maintenance period commences on 16 August 2023, requiring banks to adhere to updated calculation methods for total required reserves.
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