Examples of Monetary Board in a sentence
It is a semi-autonomous body and, following the amendments to the MLA in December 2002, is governed by a five-member Monetary Board, comprising the Governor of the CBSL as Chairman, the Secretary to the MOF and three members appointed by the President of Sri Lanka, on the recommendation of the Minister of Finance, with the concurrence of the Constitutional Council.
It is tasked to deliberate, discuss, and make recommendations on monetary policy to the Monetary Board.
Without the need for prior approval of the Monetary Board, concurrent directorship and officership between a bank and one (1) or more of its subsidiary bank/s, QB/s and NBFI/s, other than investment house/s, shall be allowed.
Ambassador Cuisia has over 10 years of experience in public service, having served Filipinos as the Governor of the Central Bank of the Philippines and Chairman of its Monetary Board as well as President and CEO of the Philippine Social Security System in the 1980s and 1990s.
Such Performance Guarantee shall be in the form of a Bank Guarantee or a Bank Draft in favor of Monetary Board of the Central Bank of Sri Lanka obtained from a licensed commercial bank operating in Sri Lanka.