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The post of Financial Secretary came second in the order precedence after Colonial Secretary or Chief Secretary as the post was known. Following independence in 1947 and the official post of Secretary of Treasury, with appointment begin of grade of an Permanent Secretary and to the most senior member and head of the Ceylon Civil Service. Most ...
Financial instruments are monetary contracts between parties. They can be created, traded, modified and settled. They can be cash (currency), evidence of an ownership, interest in an entity or a contractual right to receive or deliver in the form of currency (forex); debt (bonds, loans); equity (); or derivatives (options, futures, forwards).
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 ...
Sri Lankan Tamil dialects are distinct from the Tamil dialects used in Tamil Nadu, India.They are used in Sri Lanka and in the Sri Lankan Tamil diaspora.Linguistic borrowings from European colonizers such as the Portuguese, English and the Dutch have also contributed to a unique vocabulary that is distinct from the colloquial usage of Tamil in the Indian mainland.
Hundis are used as a form of remittance instrument to transfer money from place to place, as a form of credit instrument or IOU to borrow money and as a bill of exchange in trade transactions. The Reserve Bank of India describes the hundi as "an unconditional order in writing made by a person directing another to pay a certain sum of money to a ...
The obverse of the coins issued since 1972 carry the Armorial Ensign of the Republic of Sri Lanka. The reverse of the coin the value in numerals and in Sinhala, Tamil and English below and year of issue at the bottom with SRI LANKA in Sinhala on top. The lower denominations of 1c, 2c, 5c, 10c, 25c and 50c are not in circulation and the minting ...
The Financial Crimes Investigation Division was formed on 26 February 2015 under the purview of Sri Lanka Police Service. FCID is directly responsible in handling the investigations on the corruption charges against the Rajapaksa Administration and the public service that involved in large-scale corruption which led to destabilize the Government revenue.
IFRS 7, titled Financial Instruments: Disclosures, is an International Financial Reporting Standard (IFRS) published by the International Accounting Standards Board (IASB). It requires entities to provide certain disclosures regarding financial instruments in their financial statements. [ 1 ]