Regulatory Alerts2018-10-01 | Operating Instruction No. 35/01/005/0007/11Added · Updated
Central Bank of Sri Lanka Operating Instructions No. 35/01/005/0007/11 on Reserve Requirements
The Central Bank of Sri Lanka mandates that licensed commercial banks maintain minimum reserves equal to 100 percent of margins against letters of credit for importing motor vehicles and non-essential consumer goods. This directive, issued under the Monetary Law Act, replaces Schedule A of previous operating instructions and establishes specific calculation methods for daily average deposit liabilities and required reserves. The amendments to these reserve requirements take effect on 16 October 2018.
Topics
monetary
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