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Annual Report 2010 - Ministry of Finance and Planning

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<strong>Ministry</strong> <strong>of</strong> <strong>Finance</strong> <strong>and</strong> <strong>Planning</strong> Sri Lanka > <strong>Annual</strong> <strong>Report</strong> <strong>2010</strong>2005 <strong>2010</strong> 2005 <strong>2010</strong>MONETARY SECTOR DEVELOPMENTSNarrow Money (Rs.Bn.) 592.9 407.2ANNUAL AVERAGE EXCHANGE RATERs./USD 100.50 113.06Broad Money (Rs.Bn.) 822.9 1,813 Rs./SDR 148.45 172.50Money Growth (M2b) 19.6 18.0SUSTAINS TARIFF REGIMEACCESS TO BANKING & FINANCE2005 <strong>2010</strong>Domestic Commercial Banks 11 11Branch Network 1,090 1,391Foreign Commercial Banks 11 11Branch Network 35 46Specialized Banks (Excluding RDBs) 8 8Branch Network 170 270Registered <strong>Finance</strong> Companies 28 37Registered <strong>Finance</strong> LeasingEstablishments68 70Specialized Leasing Companies 20 21Regional Development Banks (RDB) 6 1Branch Network 199 230Insurance Companies 15 19Long Term Business 1 2General Business 1 5Both 13 12Unit Trusts 14 21Student Savings Units 244 2,963ATMS n.a 2,009Credit Cards Issued 637,326 778,489Local 73,243 58,711Global 564,083 719,778Statutory Reserve Requirement (%) 10.0 7.0Credit Institutions <strong>Report</strong>ed to CRIB(2006)93 89Credit Rating Institutions 2 3Duty free items 778Duty below 2.5% 2,169Duty below 6% 479Duty between 15% 1,646Duty between 28% 1,445Duty between 50% 1Duty between 75% 2Duty between 100% 5Total Line Items 6,525Duty free items 2,967Duty below 5% 415Duty below 15% 1,516Duty between 30% 1,327Duty between 75% 4Duty between 100% 5Specific 60Specific & Advolarum 193Total Line Items 6,48711

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