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Central Bank Of Ceylon
The Central Bank of Sri Lanka ( CBSL; ), known until 1985 as the Central Bank of Ceylon, is the central bank of Sri Lanka. It was established in 1950 under the Monetary Law Act No.58 of 1949 (MLA) and in terms of the Central Bank of Sri Lanka Act No. 16 of 2023, the CBSL is a body corporate with perpetual succession and a common seal. The Central Bank has administrative and financial autonomy. The CBSL has two main boards in operation, namely, the Governing Board (GB) and the Monetary Policy Board (MPB). History The Central Bank of Sri Lanka was established in 1950, two years after independence. The founder governor of the Central Bank of Sri Lanka was John Exter, while the minister of finance at the time was J. R. Jayewardene. Under the former name of Central Bank of Ceylon, it replaced the Currency Board that until then had been responsible for issuing the country's money. It is a member of the Asian Clearing Union. The bank's main tasks are the conduct of monetary policy in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colombo
Colombo, ( ; , ; , ), is the executive and judicial capital and largest city of Sri Lanka by population. The Colombo metropolitan area is estimated to have a population of 5.6 million, and 752,993 within the municipal limits. It is the financial centre of the island and a tourist destination. It is located on the west coast of the island and adjacent to the Greater Colombo area which includes Sri Jayawardenepura Kotte, the legislative capital of Sri Lanka, and Dehiwala-Mount Lavinia. Colombo is often referred to as the capital since Sri Jayawardenepura Kotte is situated within the Colombo metro area. It is also the administrative capital of the Western Province and the district capital of Colombo District. Colombo is a busy and vibrant city with a mixture of modern life, colonial buildings and monuments. It was made the capital of the island when Sri Lanka was ceded to the British Empire in 1815, retaining its capital status when Sri Lanka gained independence in 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alliance For Financial Inclusion
The Alliance for Financial Inclusion (AFI) is a policy leadership alliance owned and led by member central banks and financial regulatory in developing countries with the objective of advancing financial inclusion. As of February 2025, AFI had 90 members from 83 countries developing and emerging economies, representing central banks, financial regulatory institutions, and financial inclusion policymakers. AFI partners with regulators in advanced economies, international organizations and private sector leaders to drive practical solutions and facilitate the implementation of impactful policy changes through its cooperative model that embeds peer learning, knowledge exchange and peer transformation. AFI was founded on the idea that a global knowledge exchange platform was key to expanding and improving financial inclusion policies. AFI connects, encourages and enables policymakers to build capacity and develop policy initiatives in areas of financial technology (fintech), consumer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Sri Lanka
The Central Bank of Sri Lanka ( CBSL; ), known until 1985 as the Central Bank of Ceylon, is the central bank of Sri Lanka. It was established in 1950 under the Monetary Law Act No.58 of 1949 (MLA) and in terms of the Central Bank of Sri Lanka Act No. 16 of 2023, the CBSL is a body corporate with perpetual succession and a common seal. The Central Bank has administrative and financial autonomy. The CBSL has two main boards in operation, namely, the Governing Board (GB) and the Monetary Policy Board (MPB). History The Central Bank of Sri Lanka was established in 1950, two years after independence. The founder governor of the Central Bank of Sri Lanka was John Exter, while the minister of finance at the time was J. R. Jayewardene. Under the former name of Central Bank of Ceylon, it replaced the Currency Board that until then had been responsible for issuing the country's money. It is a member of the Asian Clearing Union. The bank's main tasks are the conduct of monetary policy in S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Central Banks
This is a list of central banks. Central banks by alphabetical order This is a list of central banks. Countries that are only partially recognized internationally are marked with an asterisk (*). Major central banks by currency allocation percentage of worldwide foreign exchange reserves Source: World Currency Composition of Official Foreign Exchange Reserves, International Monetary Fund Former central banking jurisdictions * – Bank of Amsterdam (1609–1791) * – Taula de canvi de Barcelona (1401–1714) * – East African Currency Board (1919–1966) * – (''Hrvatska Državna Banka'', 1941–1945) * – National Bank of Czechoslovakia (1926–1939 and 1945–1950) and State Bank of Czechoslovakia (1950–1992) * – Frankfurter Bank (1854–1875) * – Bank of Saint George (1407–1805) * – Deutsche Notenbank (1948–1968) and Staatsbank der DDR (1968–1990) * – Hamburger Bank (1619–1875) * – Bank of Chōsen (1909–1950) * – Cent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fintech Association Of Sri Lanka
FinTech Association of Sri Lanka (FASL) is an independent, not-for-profit cross-industry organisation representing Sri Lankan and the global FinTech community to support the development, innovation and investment in the FinTech sector. FASL is closely collaborating with the Central Bank of Sri Lanka (CBSL) on fintech-related issues; and a number of fintech events related to FASL were represented by CBSL. History Establishing ‘Fintech Association of Sri Lanka’ was initiated at the ‘Fintech Meetup’ of the ‘Asia-Pacific Executives Forum’ which was held at Hilton Colombo in 2018; where the Central Bank of Sri Lanka Assistant Governor also participated and delivered a speech on regulatory role of Central Bank on Fintech. Governance FASL is governed by an executive committee that consists of a president, vice president, general secretary and other committee members. The executive committee is advised by an advisory board consisting of industry experts. Collaborations * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency Museum, Colombo
Economic History Museum of Sri Lanka (commonly known as the Currency museum or Money museum) is located in the Central Point building, 54 Chatham Street, Colombo Fort (the head office of Central Bank of Sri Lanka). Building Construction of the building commenced in 1911, with the laying of its foundation stone. The National Mutual Building was opened in 1914, as the Colombo head office of a global insurance company, National Mutual Life Association of Australasia Limited. At the time of its opening it was the tallest building in Colombo. It was designed in a Greco-Roman architectural style, with a colonnade of Corinthian columns at the building's entrance. It has a circular glass dome with a tapering central atrium that lets light into the circular inner halls throughout all seven floors and features the tallest chandelier in Asia. The building was extensively damaged in the 1996 attack by the Liberation Tigers of Tamil Eelam on the Colombo Central Bank. In 2011 the buildin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colombo Central Bank Bombing
The Central Bank bombing was one of the deadliest attacks carried out by the Liberation Tigers of Tamil Eelam (LTTE) during the separatist civil war in Sri Lanka between the government and the Tamil Tigers. Incident The attack took place on 31 January 1996, in the Sri Lankan capital Colombo. A lorry containing about 440 pounds of high explosives crashed through the main gate of the Central Bank of Sri Lanka, a seaside high-rise which managed most of the financial business of the country. As gunmen traded fire with security guards, a suicide bomber in the lorry detonated the massive bomb, which tore through the bank and damaged eight other buildings nearby. The lorry was followed by a three-wheeler, carrying two LTTE cadres armed with automatic rifles and an RPG launcher. The blast killed at least 91 people and injured 1,400 others. At least 100 people lost their eyesight. Among the wounded were two US citizens, six Japanese, and one Dutch national. Most of these were bysta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GovPay
GovPay is a digital payment platform launched by the Government of Sri Lanka to streamline and modernise payment processes for government services. Officially introduced on 7 February 2025, under the patronage of President Anura Kumara Dissanayake, GovPay represents a significant step toward the digitalization of public services in Sri Lanka. The initiative, spearheaded by the Information and Communication Technology Agency (ICTA) in collaboration with LankaPay, the Ministry of Digital Economy, and the Central Bank of Sri Lanka, aims to enhance efficiency, transparency, and accessibility in citizen-government financial interactions. The platform serves as a centralised "Citizen's One Stop Shop" for online payments, catering to individuals and businesses. Background Sri Lanka's transition to digital public infrastructure has been driven by the need to address inefficiencies in traditional cash-based transactions and handwritten receipt systems prevalent in government institutio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Sri Lanka Building
Central is an adjective usually referring to being in the center of some place or (mathematical) object. Central may also refer to: Directions and generalised locations * Central Africa, a region in the centre of Africa continent, also known as Middle Africa * Central America, a region in the centre of America continent * Central Asia, a region in the centre of Eurasian continent * Central Australia, a region of the Australian continent * Central Belt, an area in the centre of Scotland * Central Europe, a region of the European continent * Central London, the centre of London * Central Region (other) * Central United States, a region of the United States of America Specific locations Countries * Central African Republic, a country in Africa States and provinces * Blue Nile (state) or Central, a state in Sudan * Central Department, Paraguay * Central Province (Kenya) * Central Province (Papua New Guinea) * Central Province (Solomon Islands) * Central Province, Sri La ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cabinet Of Sri Lanka
In Sri Lanka, the Cabinet of Ministers is the council of senior ministers responsible and answerable to the Parliament of Sri Lanka. The President is a member of the cabinet and its head. The Dissanayake cabinet is the incumbent central government of Sri Lanka led by President Anura Kumara Dissanayake. Background The Executive Council of Ceylon was the Executive Council created in British Ceylon by the British colonial administration on the recommendations of the Colebrooke-Cameron Commission along with the Legislative Council of Ceylon, as the legislative body, on 13 March 1833. At its creation the Executive Council was headed by the Governor, along with five members appointed by the Governor. These five members were officials who held the posts of the Colonial Secretary, the Attorney General, the Auditor-General, the Treasurer and the General Officer Commanding, Ceylon. The Council exercised executive power and advised the governor. As a result of the ''First Man ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price Stability
Price stability is a goal of monetary and fiscal policy aiming to support sustainable rates of economic activity. Policy is set to maintain a very low rate of inflation or deflation. For example, the European Central Bank (ECB) describes price stability as a year-on-year increase in the Harmonised Index of Consumer Prices (HICP) for the Euro area of below 2%. However, by referring to "an increase in the HICP of below 2%" the ECB makes clear that not only persistent inflation above 2% but also deflation (i.e. a persistent decrease of the general price level) are inconsistent with the goal of price stability. In the United States, the Federal Reserve Act (as amended in 1977) directs the Federal Reserve to pursue policies promoting "maximum employment, stable prices, and moderate long-term interest rates". The Fed long ago determined that the best way to meet those mandates is to target a rate of inflation of around 2%; in 2011 it officially adopted a 2% annual increase in the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Inclusion
Financial inclusion is the availability and equality of opportunities to access financial services. It refers to processes by which individuals and businesses can access appropriate, affordable, and timely financial products and services—which include banking, loan, equity, and insurance products. It provides paths to enhance inclusiveness in economic growth by enabling the unbanked population to access the means for savings, investment, and insurance towards improving household income and reducing income inequality. Financial-inclusion efforts typically target those who are unbanked or underbanked, and then direct sustainable financial services to them. Providing financial inclusion entails going beyond merely opening a bank account. Banked individuals can be excluded from other financial services. Having more-inclusive financial systems has been linked to stronger and more sustainable economic growth and development, thus achieving financial inclusion has become a priorit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
