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Contents

Part VI · Foreign Exchange Operations and International Reserves

37. Foreign exchange operations of the Central Bank

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

The Central Bank may engage in foreign exchange operations by conducting –

(a)

foreign exchange auctions;

(b)

derivative transactions;

(c)

direct dealings; or

(d)

any other acceptable methods as approved by the Governing Board.

(2)

Foreign exchange operations may be transacted by the Central Bank only with –

(a)

licensed commercial banks operating in Sri Lanka;

(b)

the Government and agencies or institutions acting on behalf of the Government, whether established by any written law or otherwise;

(c)

foreign commercial and investment banks;

(d)

foreign central banks;

(e)

international financial institutions; and

(f)

foreign Governments, foreign provincial governments and agencies or institutions acting on behalf of foreign Governments.

Part VII

Currency and Legal Tender

Part VIII

Payment and Settlement Systems

Part IX

Supervision and Resolution of Financial Institutions

Part X

Macroprudential Authority

Part XI

Financial System Oversight Committee

Part XII

Information Exchange with Financial Sector Authorities

Part XIII

Statistics and Information

Part XIV

Relationship with the Parliament, the Government and the Public

Part XV

Credit Operations

Part XVI

Financial Provisions

Part XVII

Internal and External Audits

Part XVIII

General Provisions

Part XIX

Repeals and Savings