As enacted

Contents

Central Bank of Sri Lanka Act 2023 · As enacted · Part VII · Currency and Legal Tender

47. Currency to be the legal tender

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

(1)

All currency notes and coins issued by the

Central Bank shall be legal tender in Sri Lanka for the payment of any amount.

(2)

Any transaction executed or liquidated between or among residents in Sri Lanka shall, unless otherwise authorized by the Central Bank for the purposes of the Foreign

Exchange Act, No. 12 of 2017, be in Sri Lanka rupees.

Read on from s 48

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