Lankapage Logo CP 21 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka Central Bank describes its COVID-19 relief measures
Thu, Jun 25, 2020, 06:58 pm SL Time, ColomboPage News Desk, Sri Lanka.

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

June 25, Colombo: The Central Bank of Sri Lanka has issued a detailed press statement aiming to create public awareness about the operational and policy measures undertaken by the Bank so far during 2020, to support the economy, the financial system and the general public in the midst of the COVID-19 pandemic.

The statement titled “The Central Bank of Sri Lanka’s COVID-19 Relief Measures: How are we helping the Country, Economy and YOU?” says the Central Bank 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.

Following are some measures taken by the Central Bank:
1. Reduce interest rates, enhance market liquidity, and finance the government,
2. Manage foreign exchange flows, maintain exchange rate stability and preserve international reserves,
3. Maintain financial system stability and enhance credit flows,
4. Ensure uninterrupted currency operations and payments and settlements activities, and
5. Manage the public debt.

Some of these measures were introduced to operationalize the decisions taken by the government.

Measures to reduce interest rates, enhance market liquidity, and finance the government were aimed at supporting economic activity in the context of a low inflation environment.

Full Statement

 

ColomboPage - Recent 10 Stories ::
Cardinal vows to continue struggle for the Easter Sunday victims
-- [6 hours ago]
Sri Lankan President orders to strictly limit government expenses
-- [7 hours ago]
Pakistan extends continued support to Sri Lanka
-- [8 hours ago]
Sri Lanka Navy rejects reports of a ‘War Game’ with Pakistan Navy
-- [9 hours ago]
Three elephants including a tusker killed by electrocution
-- [9 hours ago]
Sri Lanka Defense Ministry lifts the ban imposed on six Tamil organizations
BOI achieves more than 50 percent of its investment targets for the year
Sri Lanka Foreign Ministry’s statement on Chinese vessel Yuan Wang 5
Two Sri Lankan nationals arrested for robbing gold jewellery from a passenger at Chennai airport
Central Bank instructs to further restrict imports of non-essential goods as dollar crisis worsens

Copyright © 2000, 2020 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.