Central Banking

Sri Lanka cb implements RTGS and SSS system

With the implementation of the integrated RTGS/SSS system, the Central Bank of Sri Lanka (CBSL) has marked another milestone in the country's payment reforms.

The integrated RTGS/SSS system commenced live operations on 3rd February 2004. These systems will bring about major changes in the national payment and securities settlement systems of the country.

The RTGS system will facilitate large value fund transfers and settlement on an electronic basis in real-time rather than settling at the e

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