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Please help update this article to reflect recent events or newly available information. ( October 2019 ) Central Bank of Sri Lanka bond scandal which is also referred as CBSL bond scam was a financial laundering scam which happened on 27 February 2015 and caused losses of more than US$ 11 million to the nation. [ 1 ]
The Central Bank of Sri Lanka (abbr. CBSL; Sinhala: ශ්රී ලංකා මහ බැංකුව, romanized: Sri Lanka Maha Bankuwa) is the monetary authority of Sri Lanka. It was established in 1950 under the Monetary Law Act No.58 of 1949 (MLA) and in terms of the Central Bank of Sri Lanka Act No. 16 of 2023, the CBSL is a body ...
In 27 February 2015, newly appointed CBSL governor Arjuna Mahendran advertised the sale of Rs. 1 billion in 30-year government bonds at a coupon of 12.5% [22] Despite several accounts erroneously cite an indicative rate of 9.5%. [23] [24] The sale was oversubscribed with 36 bids of totaling Rs. 20 billion. The majority of bidders, 26, bid for ...
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Here’s a timeline of all the events related to the central bank’s ethics debacle (as of Monday, January 10, 2022): September 7, 2021: The Wall Street Journal reports that Kaplan made multiple ...
The Governor of the Central Bank of Sri Lanka (CBSL) functions as the chief executive of the Sri Lankan central bank. The post is the ex-officio chairperson of the Monetary Board of Central Bank of Sri Lanka. Since its establishment in 1950, the CBSL has been headed by sixteen governors. The governor has two deputies and several assistant ...
The church said on social media earlier this week that the board of elders had “a few important updates they will be sharing during services this weekend.” Show comments Advertisement
Lakshman Arjuna Mahendran is a Sri Lankan-born Singaporean economist and banker. [1] He is a former Governor of the Central Bank of Sri Lanka (CBSL), having been appointed by President Maithripala Sirisena in January 2015 and served until the end of his term on 30 June 2016. [2]