The International Transactions Reporting System is launched by the Central Bank of Sri Lanka.
Recognizing the importance of implementing a comprehensive cross-border and domestic foreign currency transaction monitoring system, the Central Bank of Sri Lanka (CBSL) has implemented a new data collection system known as the International Transactions Reporting System (ITRS) with the participation of Licensed Commercial Banks (LCBs) and Licensed Specialised Banks (LSBs).
The ITRS is a comprehensive data collection system for cross-border and domestic foreign currency transactions that aims to fill a plethora of existing data gaps. It will aid policy formulation in a variety of ways by providing useful input for both statistical and regulatory purposes.