The Central Bank has directed all licensed banks to sell 50 percent of inward workers’ remittances to the Central Bank every week.
The directive came into effect from Monday (21 March) and will be in place till 29 July 2022.
Previously, licensed banks were directed to sell to the CBSL 25 percent of inward workers’ remittances in US Dollars per week.
CBSL Governor Ajith Nivard Cabraal said that the forex purchases have supported the regulator to provide the forex required to finance essential imports to the country.
Sri Lanka Embassy in Brussels participated at the European Parliament “Fair Trade Breakfast-2024”, on 13…
etstar Asia yesterday launched its Colombo-Singapore direct route positioning itself as the only low-cost carrier…
Solo travellers are getting older and are increasingly drawn to Asian destinations – with Sri…
The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has…
The Deputy Ministers of the new National People’s Power (NPP) government have been sworn in…
SriLankan Airlines has won the prestigious 2025 APEX Best Entertainment Award in Central/Southern Asia at…
View Comments
when will this Cabraal kicked out?