RegAlert

Rule · CBSL · 18 Jun 2021 · Banking Act Order No. 01 of 2021

Designated Foreign Currencies

fx

The Monetary Board of the Central Bank of Sri Lanka, with Ministerial approval, designates fifteen specific foreign currencies for use under the Off-Shore Banking Business Scheme. This Order updates the previous 2011 schedule by formally listing currencies including the United States Dollar, Euro, Japanese Yen, and Chinese Renminbi as valid Designated Foreign Currencies. Issued under Sections 23, 25, and 26 of the Banking Act No. 30 of 1988, the directive establishes the legal framework for offshore banking transactions to utilize these approved currencies.

Sri LankaCentral Bank of Sri Lanka

[Emblem of the Central Bank of Sri Lanka]

MONETARY BOARD
CENTRAL BANK OF SRI LANKA

18 June 2021 | BANKING ACT ORDER | No. 01 of 2021

BANKING (OFF-SHORE BANKING BUSINESS SCHEME) ORDER DESIGNATED FOREIGN CURRENCIES

Order made by the Monetary Board of the Central Bank of Sri Lanka with the approval of the Minister, under Sections 23, 25 and 26 of the Banking Act, No. 30 of 1988, as amended.

  1. Designated Foreign Currencies

    1.1 The foreign currencies set out in the Schedule below in this Order are determined as the Designated Foreign Currencies under the Banking (Off-Shore Banking Business Scheme) Order.

    1.2 The Schedule in this Order, replaces the Schedule in the Banking (Off-Shore Banking Business Scheme) Order No. 01 of 2011, dated 27.10.2011.

[Signature]
Prof. W D Lakshman
Chairman of the Monetary Board and Governor of the Central Bank of Sri Lanka

*

Schedule

Designated Foreign Currencies

  1. Australian Dollar
  2. Canadian Dollar
  3. Chinese Renminbi
  4. Danish Kroner
  5. Euro
  6. Hongkong Dollar
  7. Japanese Yen
  8. New Zealand Dollar
  9. Norwegian Kroner
  10. Pound Sterling
  11. Singapore Dollar
  12. Swedish Kroner
  13. Swiss Franc
  14. Thai Baht
  15. United States Dollar

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Lineage: Superseded

A newer document in RegAlert replaces this one.

Banking (Off-Shore BankingBusiness Scheme) Order No. 01 of …Not in RegAlertBanking (Off-Shore Banking Business Scheme) Order No. 01 of 2011 — Not in RegAlertDesignated Foreign Currencies2021-06-18 · this documentDesignated Foreign Currencies (2021-06-18)Banking (Off-Shore BankingBusiness Scheme) Order Designated…2022 · CBSLBanking (Off-Shore Banking Business Scheme) Order Designated Foreign Currencies (2022-08-26)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (2)
Superseded by
Supersedes
  • Banking (Off-Shore Banking Business Scheme) Order No. 01 of 2011Not in RegAlert

    “The Schedule in this Order, replaces the Schedule in the Banking (Off-Shore Banking Business Scheme) Order No. 01 of 2011, dated 27.10.2011.”

Timeline

Amended 1 time · last 2022-08-26

More like this from CBSL

We email you every new CBSL publication the day it's published.

Source: Central Bank of Sri Lanka — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

In RegAlert: added · updated

FX rules change often. Get an email the day any regulator we track changes its foreign-exchange rules.