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.
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