Cabinet nod to procure new foreign reserves mgt. IT system for CB

The Central Bank (CB) will procure new IT system for foreign reverse management as the licence of existing Treasury Management System used for the management of foreign reserves is due to expire in 2021.

The Cabinet of Ministers this week approved a proposal presented by Finance Minister Mangala Samaraweera to commence the process of procuring to purchase a new foreign reserve management system, to replace the existing IT system.