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* Sri Lanka Central Bank offers full scope of services to relieve burden on public during the pandemic
Mon, Jul 20, 2020, 09:09 pm SL Time, ColomboPage News Desk, Sri Lanka.

July 20, Colombo: The Central Bank of Sri Lanka said being the apex financial institution of the country, it provided its full scope of essential services to the economy and the financial system during the lockdown.

The Central Bank today issued a statement aimed to create public awareness about the operational and policy measures undertaken by the Central Bank of Sri Lanka thus far during 2020, to support the economy, the financial system and the general public in the midst of the COVID-19 pandemic.

The Central Bank said it actively took steps to ease the burden on the general public during this unprecedented disruption of global scale, while preserving the focus on its legal mandate to maintain economic, price and financial system stability.

The measures include, reducing interest rates, enhance market liquidity, and finance the government, managing foreign exchange flows, maintain exchange rate stability and preserve international reserves, maintaining financial system stability and enhance credit flows, ensuring uninterrupted currency operations and payments and settlements activities, and managing the public debt.

Full Statement: The Central Bank of Sri Lanka’s COVID-19 Relief Measures: How are we helping the Country, Economy and YOU?

 

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