Regulatory Alerts2019-02-22 | Operating Instruction No. 35/01/005/0007/14Central Bank of Sri Lanka Operating Instructions No. 35/01/005/0007/14 on Reserve Requirements
The Central Bank of Sri Lanka issued Operating Instructions No. 35/01/005/0007/14 to all Licensed Commercial Banks, mandating a reserve requirement of five percent against total Sri Lankan Rupee denominated deposit liabilities. This directive, effective from 1 March 2019, replaces Schedule A of the previous operating instructions and aligns with notifications made by the Monetary Board under the Monetary Law Act. The document also provides the specific form for reporting daily average deposit liabilities and details the calculation methods for required reserves, including margins against letters of credit and currency holdings.
Share