The Central Bank of Sri Lanka issued circulars announcing that it will establish a new Market Operations Department with effect from 2 April 2025, by amalgamating the Domestic Operations Department and the Domestic Foreign Exchange Market Division currently operated under the International Operations Department. Following the reorganisation, all existing regulations, circulars and operating instructions previously issued by the Director of the Domestic Operations Department will remain in force unless the context requires otherwise. Instructions previously issued by the Director of the International Operations Department relating to domestic foreign exchange market operations and transactions will also continue to apply, and the Bank has notified counterparties and relevant public-sector entities of updated departmental communication arrangements.
Central Bank of Sri Lanka 2025-04-01
Central Bank of Sri Lanka establishes a Market Operations Department from 2 April 2025 by merging Domestic Operations and domestic foreign exchange market functions
The Central Bank of Sri Lanka will establish a new Market Operations Department on 2 April 2025 by merging the Domestic Operations Department and the Domestic Foreign Exchange Market Division. Existing regulations and instructions from both departments will remain in effect unless contextually inappropriate. The Bank has informed counterparties and public-sector entities of updated communication arrangements.