Reserve Requirements

Domestic Operations Department
 94 11 2477189  94 11 2346287  cbslgen@cbsl.lk  www.cbsl.gov.lk Level 7, Tower 2, No. 30, Janadhipathi Mawatha, P. O. Box. 590, Colombo 01, Sri Lanka. OPERATING INSTRUCTIONS NO. 35/01/005/0007/09 31 December 2015 To: All Licensed Commercial Banks RESERVE REQUIREMENTS Your attention is invited to the notification made by the Monetary Board of the Central Bank of Sri Lanka under Sections 10(c), 93, 94, 96 and 97 of the Monetary Law Act (Chapter 422 of Ceylon Legislative Enactments) as amended and published in the Gazette Extraordinary of the Democratic Socialist Republic of Sri Lanka No. 1947/39 of 31 December, 2015 on the above subject. The Licensed Commercial Banks are hereby informed that in accordance with the said notification, they should maintain reserves against deposit liabilities denominated in Sri Lankan Rupees at an amount equal to seven point five per centum (7.50%) of total of such deposit liabilities. The above amendment takes effect from 16 January, 2016. All other instructions contained in our Operating Instructions No. 35/01/005/0007/06 and 35/01/005/0007/07 of 22 April, 2013 will continue to apply. P W D N R Rodrigo Director/Domestic Operations