Regulatory Alerts2021-04-23 | Banking Act Direction No. 6 of 2021Added · Updated
Investments in Sri Lanka International Sovereign Bonds by Licensed Commercial Banks and National Savings Bank
The Central Bank of Sri Lanka has directed licensed commercial banks and the National Savings Bank to suspend purchases of Sri Lanka International Sovereign Bonds until further notice. Issued under the Banking Act No. 30 of 1988, this directive aims to alleviate exchange rate pressure and mitigate risks from substantial foreign currency outflows. The suspension effectively freezes new bond acquisitions by these financial institutions, prioritizing domestic liquidity and risk management stability.
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