Central bank of srilanka
The Central Bank of SriLanka (CBSL) is the monetary authority of Sri Lanka , and the apex institution in the country's financial sector. Established in 1950 under the Monetary Law Act No.58 of 1949, 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 is responsible for the conduct of monetary policy in Sri Lanka and also has wide supervisory powers over the financial system .View to encouraging and promoting the development of the productive resources of Sri Lanka, the CBSL is responsible for securing its core objectives of economic and price stability and fina...