Regulatory Alerts2018-10-12 | Operating Instruction No. 35/01/005/0007/12Central Bank of Sri Lanka Operating Instructions No. 35/01/005/0007/12 on Reserve Requirements
The Central Bank of Sri Lanka issued Operating Instructions No. 35/01/005/0007/12 requiring Licensed Commercial Banks to maintain a 100 percent minimum reserve against specific letters of credit and imports on Document against Acceptance terms. This directive, effective from 16 October 2018, replaces Schedule A of previous instructions and aligns with notifications by the Monetary Board under the Monetary Law Act. The document also provides the standardized reporting form for daily average deposit liabilities and required reserves calculations.
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