Sri Lanka, Oct. 29 -- Sri Lanka's financial infrastructure will be strengthened as the Central Bank moves to modernise its currency monitoring operations with the support of Giesecke & Devrient Asia Pacific Limited, Hong Kong.
Cabinet of Ministers this week approved the contract following a dual-stage bidding process, in which four institutions expressed interest initially.
Following technical and financial evaluations, the higher-level standing procurement committee recommended awarding the contract to Giesecke & Devrient, which met all required qualifications.
The move is expected to enhance Central Bank's capacity to monitor currency operations more effectively, reflecting the government's broader push to modernise Sri Lanka's financi...