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srilawsby aturio
As enacted
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Part VI · Foreign Exchange Operations and International Reserves

39. Loans to and from foreign institutions

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

The Central Bank may grant collateralized loans to, or take loans from, any institution of any description referred to in paragraphs (c), (d), (e) and (f) of subsection (2)

of section 37 and may engage in such other transactions with such institutions as are expedient or desirable in the public interest and are appropriate having regard to the character of the Central Bank.

(2)

Any loan taken as provided in subsection (1) may be secured by assets held by the Central Bank.

(3)

The Central Bank may act as an agent or correspondent of a foreign commercial bank or an investment bank or any institution referred to in paragraphs (b), (d), (e)

and (f) of subsection (2) of section 37.

Read on from s 40

Part VII

Currency and Legal Tender

Read on from Part VII

Part VIII

Payment and Settlement Systems

Read on from Part VIII

Part IX

Supervision and Resolution of Financial Institutions

Read on from Part IX

Part X

Macroprudential Authority

Read on from Part X

Part XI

Financial System Oversight Committee

Read on from Part XI

Part XII

Information Exchange with Financial Sector Authorities

Read on from Part XII

Part XIII

Statistics and Information

Read on from Part XIII

Part XIV

Relationship with the Parliament, the Government and the Public

Read on from Part XIV

Part XV

Credit Operations

Read on from Part XV

Part XVI

Financial Provisions

Read on from Part XVI

Part XVII

Internal and External Audits

Read on from Part XVII

Part XVIII

General Provisions

Read on from Part XVIII

Part XIX

Repeals and Savings

Read on from Part XIX