7. Powers, duties and functions of the Central Bank

determine and implement monetary policy;

determine and implement the exchange rate policy;

hold and ensure the prudent and effective management of the official international reserves of Sri Lanka;

issue and manage the currency of Sri Lanka;

administer, supervise and regulate payment systems and ensure the safety, effectiveness, and efficiency of such payment systems;

register, license, regulate and supervise financial institutions;

resolve financial institutions regulated and supervised by the Central Bank;

adopt and implement macroprudential policy measures;

collect and produce statistics;

act as financial advisor and banker to the

act as fiscal agent of the Government to the extent provided for by or under any written law;

inform Parliament, Government, and the public about its policies and operations;

cooperate with and participate in international organizations, including public international financial institutions, and cooperate with domestic and foreign public institutions, concerning matters related to its objects;

promote financial inclusion in Sri Lanka;

establish deposit insurance and liquidity support schemes as means of securing the financial system stability;

hold, sell and dispose of property, both movable and immovable, and enter into contracts;

acquire and hold such assets and incur such liabilities as it may deem necessary; and

generally, do all such acts and things as are necessary for, or incidental or conducive to the carrying out or attainment of the objects of the