In Sri Lanka’s case, a credible currency reform will require the replacement of the CBSL, which, like central banks in many emerging market countries, is subservient to the politicians.

After the Central Bank of Sri Lanka was established in 1950, currency notes were introduced and distributed to the public. These notes were denominations of 20, 50, 100, 500, 1,000 and 5,000. Most ...

The Central Bank of Sri Lanka (CBSL) issued an uncirculated commemorative coin in the denomination of Rupees 1000 to mark the 75 th Independence Day Celebration in the country, which falls on ...

Sri Lanka's foreign currency reserves dropped to $2.3 billion at the end of October, with the coronavirus pandemic hitting both tourism and remittances.

Sri Lankan president Gotabaya Rajapaksa watches as Sri Lankan army soldiers march during the Independence Day celebration in Colombo, Sri Lanka, Friday, Feb. 4, 2022.

At the request of the Sri Lanka Catholic Bishop’s Conference a commemorative Rs. 500 sterling silver crown size frosted Proof Non-circulating Legal Tender (NCLT) coin was issued by the Central Bank of ...

Sri Lanka, which has run out of dollars to purchase fuel and is printing rupees to pay local salaries, aims to stop injecting local currency to quash Asia’s fastest inflation.

Sri Lanka's currency and stocks fared better on the day. The rupee strengthened by 0.3% against the dollar while the main stock index gained more than 1%.

If you need to send money to Sri Lanka, it’s important to seek out an efficient method for your currency exchange and transfer. This way you can keep the fees and charges at a minimum.

COLOMBO, Sri Lanka (AP) — Sri Lanka celebrated its Independence Day on Friday with an appeal by the president to the country’s expatriates to send money home as it struggles with the worst ...