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The Central Bank of Sri Lanka has issued commemorative coins since 1957. On 15 December 2010, to mark the 60th Anniversary, the Central Bank of Sri Lanka issued a frosted proof crown size multi-colour silver commemorative coin in the denomination of Rs. 5,000/-. It was the first multi-colour coin issued by the Central Bank.
Demurrage in a currency system reduces discount rates, and thus increases the present value of a long-term investment, and thus gives an incentive for such investments. [ 1 ] Unlike inflation , demurrage gradually reduces only the value of currency held: it functions as a negative interest (a tax) on currency held versus inflation that also ...
Indian Overseas Bank; MCB Bank; National Development Bank; Nations Trust Bank; Pan Asia Bank; People's Bank; Public Bank Berhad; Sampath Bank; Seylan Bank; Standard Chartered Bank; State Bank of India; Hong Kong and Shanghai Banking Corporation (HSBC) Union Bank of Colombo; Source: Central Bank, March 2021 [1]
The Central Bank of Sri Lanka was established in 1950, 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 ...
1982: BOC founded the first merchant bank in Sri Lanka, which was named the Merchant Bank of Sri Lanka. 1987: The bank moved into its 32-storey headquarters. Sri Lankans have nicknamed the building (Pittu bambuwa "පිට්ටු බම්බුව") a Sinhalese term used for a cylindrical cooking implement. The new building enabled the bank ...
50th Anniversary of Sri Lanka regaining Independence Blue 146.5 x 73.0 mm polymer 4 February 1998 A lion holding a sword 1000 rupees The ushering of peace and prosperity to Sri Lanka Blue 157 X 78.5 mm paper 20 May 2009 17 November 2009 [3] [4] Layard's Parakeet: 500 rupees Commonwealth Heads of Government Meeting 2013 held in Sri Lanka Purple
Listed on the Colombo Stock Exchange since 1956 and with nearly seven decades of banking expertise, DFCC Bank is one of the nation's most reliable and longstanding banks. Regulated by the Central Bank of Sri Lanka and rated A (lka) by Fitch Ratings, DFCC Bank provides a comprehensive range of corporate, retail, and SME banking services ...
The Sri Lankan banking industry was changed during the late 1980s with the introduction of automation by private banking corporations. [10] Previously, few foreign banks were operating within Sri Lanka with few branches such as Hongkong and Shanghai Banking Corporation, etc. HSBC was using interactive electronic customer interfaces such as automated teller machines (ATMs).