Sri Lanka’s Cabinet of Ministers has approved the new Central Bank of Sri Lanka bill which will be presented in Parliament next year.
The original bill gazetted in November 2019 has been improved by incorporating new amendments in order to be able to perform the work of the Central Bank more efficiently and effectively to suit the current needs.
Approval has been given for the preparation of the Central Bank of Sri Lanka bill at the Cabinet meeting held on 29.
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Accordingly, the Central Bank of Sri Lanka draft bill has been published in the Government Gazette on 01.11.2019, and although it has been submitted to Parliament for approval, it has not been included in the policy book.