The Central Bank of Sri Lanka is the monetary authority of Sri Lanka. It 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. Jayawardena. Under the name 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.
The Bank is engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion.
Its credibility was called into question in 2007, due to allegations of political interference and institutional decay.
Read more about Central Bank Of Sri Lanka: Governors
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