Sri Lanka recently conducted a workshop to help Maldives Central Bank build its foreign reserves management skills.
The
workshop was held in Male, the capital of Maldives with the participation of
two officials from Sri Lanka’s Central Bank.
CBSL
in a statement issued said this program helped to build the Maldivian Monetary
Authorities institutional capacity to formulate foreign reserves management
policies and procedures to help manage the countries foreign reserves.
Sri
Lankan Officials says this will help Maldives maintain confidence in the
external value of the Maldivian Rufiya.
Central
Bank of Sri Lanka believes the knowledge it has imparted by engaging in
globally accepted investment activities during the last few decades has enable
it to diversify its own reserves and engage in successful reserve management
operations.
“As
a result, the CBSL has able to engage in foreign reserves management activities
which have today gained wide recognition as it has been able to earn above
average rates of return, during periods when the world interest rates have been
at historic low levels” further added the Bank in its statement issued.
