Regulatory Alerts2021-04-09 | Directions No. 5 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 23 April 2021. This directive aims to alleviate exchange rate pressure and mitigate potential foreign currency outflows that could impact banks' risk management frameworks. Issued under Sections 46(1) and 76(J)(1) of the Banking Act No. 30 of 1988, the order mandates immediate compliance to stabilize domestic liquidity and foreign exchange reserves.
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