Access details of Monetary Law (Amendment) Act, No. 16 Of 1977 . Get access to the full amendment history, summary, English, Sinhala, Tamil PDFs and the consolidated act (if applicable)
Summary of Monetary Law (Amendment) Act, No. 16 Of 1977
The Monetary Law (Amendment) Act, No. 16 of 1977 amends the Monetary Law Act. The amendment introduces a new section, section 76A, which allows the Governor of the Central Bank to determine the rates at which the Central Bank may buy and sell spot foreign exchange when it is deemed inexpedient to determine the parities of foreign currencies. This determination of rates replaces the need for determining and certifying parities under section 73 of the principal enactment. The new section 76A outl...
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Monetary Law (Amendment) Act, No. 16 Of 1977. English, Sinhala and Tamil PDFs.
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