Rule · CBSL · 14 Jun 2024 · Banking Act Order No. 01 of 2024
The Central Bank of Sri Lanka issued this order to designate sixteen specific foreign currencies for licensed commercial banks conducting off-shore banking business. Effective 15 June 2024, the order supersedes the 2022 scheme and establishes Australian, Canadian, Chinese, Danish, Euro, Hong Kong, Indian, Japanese, New Zealand, Norwegian, British, Singaporean, Swedish, Swiss, Thai, and United States currencies as the official designated foreign currencies. Licensed commercial banks may now conduct off-shore transactions exclusively in these designated currencies under Section 22A of the Banking Act No. 30 of 1988, as amended.
14 Jrne2024
CENTRAL BANK OF SRI LAI\KA
BANKING ACT ORDER No.01 of2024 BANKING (OFF-SHORE BATIKTNG BUSTNESS) ORDER DESIGNATED F'OREIGN CURRENCIES In terms of Section 22A ofthe Banking Act No. 30 of 1988, as amended, thJ Central Bank of Sri Lanka (CBSL) hereby issues Banking (Off-shore Banking Business) Order, designating foreign currencies for the purpose of carrying on off-shore banking business by Licensed Commercial Banks.
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“Banking (Off-shore Banking Business Scheme) Order No. 01 of 2022, dated 26 August 2022 is revoked from the appointed date of the Banking (Amendment) Act, No. 24 of 2024, on 15.06.2024.”
“"Designated Foreign Currencies" means the foreign currencies that are set out in the Banking (Off-shore Banking) Order No. 0 1 of 2024 dated I 5.06 .2024”
This document supersedes: Banking (Off-Shore Banking Business Scheme) Order Designated Foreign Currencies
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