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LankaPay has made rapid strides and mass transformation in facilitating robust, quick, and convenient ways of transferring funds through automated processes by initiating efficient payment systems in Sri Lanka through the launch of the Common Electronic Fund Transfer Switch, a real-time bank transfer procedure for payments to be processed ...
Sri Lanka's newly appointed Central Bank Governor Nandalal Weerasinghe sharply raised policy rates on April 8 allowing interest rates to go up and reduce money printing. [13] By end March foreign reserves were down to US$1.9bn and there were concerns over their actual usability since about US$1.5bn which had come from a Renminbi swap from China.
The Sri Lanka Interbank Payment System, commonly known as SLIPS, is a LKR-only online interbank payment and fund transfer system in Sri Lanka. [1] [2]SLIPS is owned by LankaClear, an organization owned by the Central Bank of Sri Lanka and all Licensed Commercial Banks operating in Sri Lanka, with 47.19% of shares held by the CBSL and State owned commercial banks, and 52.81% by other private banks.
The Canada Revenue Agency says it knows some people were able to get the Canada Emergency Relief Benefit (CERB) twice by applying through its portal as well as Service Canada’s wants that money ...
LankaClear (formerly National Cheque Clearing House) is the largest payments infrastructure provider in Sri Lanka. Established in February 2002, the organization is owned by the Central Bank of Sri Lanka (CBSL) and all CBSL-licensed commercial banks in the country. LankaClear is the operator of LankaPay, the country's largest interbank payment ...
[10] In May 2022, Sri Lanka defaulted on its debt for the first time in the country's history. [12] Negotiations between the IMF and Sri Lanka regarding lending to resolve the balance of payments crisis are ongoing. As of July 18, 2022 acting president Ranil Wickremesignhe stated that negotiations were nearing conclusion. [13] Controversy
He also said he had been made a victim due to his own transparency. [24] On the other hand, former governor of the Central Bank of Sri Lanka, Ajith Nivard Cabraal who preceded Mahendran charged that a higher hand was involved in the scandal given the scale of the cover-up attempts by the Sri Lankan government. [25]
Sri Lanka's president said Wednesday that he is seeking a loan repayment moratorium until 2028 as the debt-ridden county tries to emerge from bankruptcy. President Ranil Wickremesinghe told ...