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Economy is the sum total of all ‘commercial activities.’ It includes buying, selling, distributing, giving, taking and such other activities. It does not include activities such as reading a book. But if you were reading the book after paying a certain fee then this will be a part of economic activity. Similarly while gazing soulfully at a landscape is not a part of the economy, it does become one if it is part of a paid tour.
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Wednesday, December 8, 2010
Sri Lankan Financial institutions
The Central Bank of Sri Lanka is the monetary authority of Sri Lanka and was established in 1950. The Central Bank is responsible for the conduct of monetary policy in the country and also has the supervisory powers over the financial system.[8] The current chairman of the Central Bank is Ajith Nivard Cabraal.
TheColombo Stock Exchange (CSE) is the main stock exchange in Sri Lanka. It is one of the most modern exchanges in South Asia , providing a fully automated trading platform. The vision of the CSE is to contribute to the wealth of the nation by creating value through securities. The headquarters of the CSE have been located at the World Trade Center Towers in Colombo since 1995 and it also has branches across the country in Kandy, Matara, Kurunegala, Negombo and Jaffna.[9] In 2009, after the 30 years long civil war came to an end, the CSE was the best performing stock exchange in the world.
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